Fisher Asset Management LLC Has $44.55 Million Stock Position in Equinor ASA $EQNR

Fisher Asset Management LLC boosted its holdings in shares of Equinor ASA (NYSE:EQNR) by 2.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,827,302 shares of the company’s stock after acquiring an additional 39,524 shares during the quarter. Fisher Asset Management LLC’s holdings in Equinor ASA were worth $44,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EQNR. Bank of America Corp DE boosted its stake in shares of Equinor ASA by 21.5% during the 2nd quarter. Bank of America Corp DE now owns 12,100,331 shares of the company’s stock worth $304,202,000 after acquiring an additional 2,143,049 shares during the period. JPMorgan Chase & Co. boosted its position in Equinor ASA by 1,437.7% during the third quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock worth $55,741,000 after purchasing an additional 2,137,642 shares during the period. Sei Investments Co. boosted its position in Equinor ASA by 38.2% during the second quarter. Sei Investments Co. now owns 1,141,731 shares of the company’s stock worth $28,703,000 after purchasing an additional 315,385 shares during the period. ABC Arbitrage SA increased its holdings in shares of Equinor ASA by 100.8% in the third quarter. ABC Arbitrage SA now owns 515,544 shares of the company’s stock valued at $12,569,000 after purchasing an additional 258,767 shares during the last quarter. Finally, Optiver Holding B.V. raised its position in shares of Equinor ASA by 38,151.0% in the third quarter. Optiver Holding B.V. now owns 511,799 shares of the company’s stock valued at $12,478,000 after purchasing an additional 510,461 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Down 2.4%

EQNR stock opened at $31.29 on Wednesday. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $32.58. The business has a 50-day simple moving average of $26.21 and a 200 day simple moving average of $24.73. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The company has a market cap of $92.14 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 3.95 and a beta of 0.35.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.60 by $0.21. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. The firm had revenue of $25.30 billion for the quarter, compared to analyst estimates of $21.31 billion. Sell-side analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Friday, May 15th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 5.0%. Equinor ASA’s dividend payout ratio is currently 64.21%.

Analyst Ratings Changes

EQNR has been the subject of several research analyst reports. TD Cowen lifted their target price on shares of Equinor ASA from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. Bank of America cut Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Zacks Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Weiss Ratings upgraded Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $24.71.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.