Squarepoint Ops LLC Takes $447,000 Position in Equinor ASA (NYSE:EQNR)

Squarepoint Ops LLC bought a new position in Equinor ASA (NYSE:EQNR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,103 shares of the company’s stock, valued at approximately $447,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in EQNR. Jennison Associates LLC bought a new position in Equinor ASA during the fourth quarter valued at approximately $12,572,000. Morgan Stanley raised its position in Equinor ASA by 5.2% during the third quarter. Morgan Stanley now owns 229,851 shares of the company’s stock valued at $6,482,000 after acquiring an additional 11,375 shares in the last quarter. Legacy Financial Advisors Inc. raised its position in Equinor ASA by 8,963.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,719 shares of the company’s stock valued at $58,000 after acquiring an additional 2,689 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Equinor ASA during the third quarter valued at approximately $8,773,000. Finally, Janney Montgomery Scott LLC raised its position in Equinor ASA by 15.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,953 shares of the company’s stock valued at $359,000 after acquiring an additional 2,327 shares in the last quarter. Institutional investors own 5.44% of the company’s stock.

EQNR traded up $0.15 during trading on Friday, reaching $21.81. 1,898,762 shares of the company’s stock were exchanged, compared to its average volume of 1,197,469. Equinor ASA has a fifty-two week low of $19.95 and a fifty-two week high of $28.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.44. The company has a market capitalization of $72.60 billion, a P/E ratio of 10.80 and a beta of 0.90.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $16.41 billion for the quarter. Equinor ASA had a net margin of 9.47% and a return on equity of 15.88%. On average, equities research analysts expect that Equinor ASA will post 1.8 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, May 17th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.77%. Equinor ASA’s dividend payout ratio (DPR) is presently 33.17%.

Several equities analysts have commented on EQNR shares. ValuEngine downgraded Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Macquarie downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, February 14th. Zacks Investment Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Piper Jaffray Companies downgraded Equinor ASA from an “overweight” rating to a “neutral” rating in a report on Monday, February 11th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.36.

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About Equinor ASA

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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