Intrust Bank NA Increases Stock Position in Equinor ASA (NYSE:EQNR)

Intrust Bank NA grew its position in shares of Equinor ASA (NYSE:EQNR) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,489 shares of the company’s stock after purchasing an additional 1,785 shares during the quarter. Intrust Bank NA’s holdings in Equinor ASA were worth $965,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP increased its position in Equinor ASA by 5.1% during the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after buying an additional 134,688 shares during the period. Pacer Advisors Inc. raised its position in Equinor ASA by 25.2% in the 4th quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after purchasing an additional 139,952 shares during the last quarter. FMR LLC boosted its stake in Equinor ASA by 4.5% during the 3rd quarter. FMR LLC now owns 10,284,862 shares of the company’s stock worth $337,241,000 after purchasing an additional 444,435 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Equinor ASA by 89.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 45,293 shares of the company’s stock valued at $1,485,000 after purchasing an additional 21,361 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of Equinor ASA by 61.8% in the third quarter. HighTower Advisors LLC now owns 258,710 shares of the company’s stock valued at $8,469,000 after buying an additional 98,786 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Price Performance

Equinor ASA stock traded down $0.09 during mid-day trading on Tuesday, reaching $27.02. The company had a trading volume of 370,081 shares, compared to its average volume of 3,668,184. The stock’s 50-day simple moving average is $26.65 and its 200-day simple moving average is $29.43. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76. The company has a market capitalization of $84.35 billion, a P/E ratio of 8.40, a P/E/G ratio of 7.98 and a beta of 0.85.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.44). The firm had revenue of $29.05 billion for the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. On average, equities analysts predict that Equinor ASA will post 3.37 EPS for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.44%. Equinor ASA’s dividend payout ratio (DPR) is currently 30.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EQNR shares. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.40 to $28.50 in a research note on Tuesday, February 20th. DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, TD Cowen assumed coverage on shares of Equinor ASA in a research note on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.25.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.