5,100 Shares in Equinor ASA (NYSE:EQNR) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of Equinor ASA (NYSE:EQNR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,100 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Equinor ASA in the third quarter valued at about $1,933,000. Cetera Investment Advisers increased its holdings in shares of Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock worth $1,991,000 after buying an additional 24,052 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Equinor ASA in the 3rd quarter valued at $2,509,000. Truist Financial Corp boosted its holdings in shares of Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Equinor ASA by 52.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock worth $2,183,000 after acquiring an additional 29,516 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EQNR shares. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $25.80 to $30.90 in a research note on Tuesday, January 7th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Stock Performance

EQNR stock opened at $23.91 on Thursday. The firm has a market cap of $66.76 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average price of $24.03 and a 200-day moving average price of $24.98. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.49.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio (DPR) is presently 34.97%.

Equinor ASA Company 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.