Inspire Advisors LLC Acquires 2,159 Shares of Equinor ASA (NYSE:EQNR)

Inspire Advisors LLC boosted its holdings in shares of Equinor ASA (NYSE:EQNR) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,313 shares of the company’s stock after buying an additional 2,159 shares during the period. Inspire Advisors LLC’s holdings in Equinor ASA were worth $552,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EQNR. Van ECK Associates Corp lifted its stake in Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock worth $386,000 after purchasing an additional 487 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after acquiring an additional 505 shares during the period. Ipswich Investment Management Co. Inc. boosted its holdings in Equinor ASA by 1.2% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock valued at $2,057,000 after acquiring an additional 1,000 shares during the period. Glenmede Trust Co. NA boosted its holdings in Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock valued at $676,000 after acquiring an additional 1,247 shares during the period. Finally, Manchester Capital Management LLC purchased a new stake in Equinor ASA during the 4th quarter valued at about $33,000. Institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

EQNR has been the subject of several analyst reports. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinor ASA has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Stock Down 1.0 %

Shares of NYSE:EQNR opened at $23.91 on Wednesday. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The firm has a market capitalization of $66.78 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.58 and a beta of 0.79. The stock has a 50 day moving average price of $23.95 and a 200-day moving average price of $24.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. As a group, equities research analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.86%. The ex-dividend date was Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 37.30%.

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.