Intrust Bank NA Has $965,000 Stake in Equinor ASA (NYSE:EQNR)

Intrust Bank NA lifted its stake in shares of Equinor ASA (NYSE:EQNR) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,489 shares of the company’s stock after acquiring an additional 1,785 shares during the period. Intrust Bank NA’s holdings in Equinor ASA were worth $965,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cambiar Investors LLC acquired a new stake in Equinor ASA in the 3rd quarter worth approximately $21,931,000. FMR LLC lifted its position 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 acquiring an additional 444,435 shares during the last quarter. UBS Group AG grew its position in shares of Equinor ASA by 298.8% in the third quarter. UBS Group AG now owns 235,533 shares of the company’s stock valued at $7,723,000 after purchasing an additional 176,477 shares during the last quarter. Boston Partners acquired a new position in shares of Equinor ASA during the 3rd quarter worth about $5,438,000. Finally, Pacer Advisors Inc. grew its holdings 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 buying an additional 139,952 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Equinor ASA Price Performance

EQNR stock traded down $0.09 during midday trading on Tuesday, reaching $27.02. 370,081 shares of the company’s stock traded hands, compared to its average volume of 3,668,184. The company has a 50-day simple moving average of $26.65 and a two-hundred day simple moving average of $29.43. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. Equinor ASA has a 1-year low of $24.44 and a 1-year high of $34.73. The company has a market cap of $84.35 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 7.98 and a beta of 0.85.

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

Equinor ASA Announces Dividend

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

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.