Equinor ASA $EQNR Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Equinor ASA (NYSE:EQNR) by 39.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,954 shares of the company’s stock after buying an additional 44,700 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Equinor ASA were worth $3,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. grew its stake in Equinor ASA by 8,986.2% during the 1st quarter. Citigroup Inc. now owns 1,260,071 shares of the company’s stock valued at $33,329,000 after purchasing an additional 1,246,203 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock worth $100,630,000 after purchasing an additional 572,193 shares during the period. Y Intercept Hong Kong Ltd boosted its position in Equinor ASA by 140.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 570,657 shares of the company’s stock valued at $14,346,000 after buying an additional 333,233 shares during the last quarter. Voya Investment Management LLC purchased a new stake in Equinor ASA in the first quarter valued at approximately $7,459,000. Finally, Quantbot Technologies LP increased its holdings in Equinor ASA by 734.4% in the 1st quarter. Quantbot Technologies LP now owns 261,708 shares of the company’s stock worth $6,922,000 after buying an additional 230,344 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Up 1.7%

Shares of Equinor ASA stock opened at $22.94 on Friday. The firm has a 50-day simple moving average of $24.02 and a two-hundred day simple moving average of $24.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $28.26. The company has a market cap of $67.55 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.20). The business had revenue of $26.06 billion for the quarter, compared to analyst estimates of $23.26 billion. Equinor ASA had a net margin of 5.27% and a return on equity of 14.11%. As a group, equities analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.48 dividend on an annualized basis and a yield of 6.5%. This is an increase from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s dividend payout ratio is 57.35%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EQNR. Morgan Stanley cut shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, September 3rd. DZ Bank downgraded shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. downgraded Equinor ASA from a “neutral” rating to an “underweight” rating in a research report on Tuesday, August 12th. Sanford C. Bernstein cut Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Finally, Barclays restated an “underweight” rating on shares of Equinor ASA in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat.com, Equinor ASA has a consensus rating of “Reduce” and a consensus target price of $22.71.

About Equinor ASA

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.