Drum Hill Capital LLC Buys New Holdings in Equinor ASA (NYSE:EQNR)

Drum Hill Capital LLC purchased a new position in Equinor ASA (NYSE:EQNR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 169,820 shares of the company’s stock, valued at approximately $4,023,000. Equinor ASA accounts for approximately 5.0% of Drum Hill Capital LLC’s investment portfolio, making the stock its 5th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Equinor ASA by 3.1% in 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. Allspring Global Investments Holdings LLC grew its holdings in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after buying an additional 543 shares in the last quarter. Ipswich Investment Management Co. Inc. increased its stake in Equinor ASA by 1.2% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock worth $2,057,000 after acquiring an additional 1,000 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA during the 3rd quarter worth approximately $31,000. Finally, Glenmede Trust Co. NA boosted its position in shares of 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 last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQNR. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Trading Down 1.1 %

Shares of NYSE EQNR opened at $23.22 on Friday. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The company has a market cap of $64.83 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 0.58 and a beta of 0.83. The business’s 50 day moving average price is $23.88 and its 200-day moving average price is $24.66.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data 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 net margin of 8.49% and a return on equity of 20.33%. On average, sell-side analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio is 37.62%.

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.