Equinor ASA $EQNR Stock Position Lifted by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its stake in shares of Equinor ASA (NYSE:EQNR) by 140.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 570,657 shares of the company’s stock after purchasing an additional 333,233 shares during the period. Equinor ASA comprises approximately 0.4% of Y Intercept Hong Kong Ltd’s holdings, making the stock its 26th largest position. Y Intercept Hong Kong Ltd’s holdings in Equinor ASA were worth $14,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company’s stock valued at $100,630,000 after purchasing an additional 572,193 shares in the last quarter. Jump Financial LLC purchased a new position in Equinor ASA during the first quarter valued at approximately $2,178,000. Farther Finance Advisors LLC grew its position in Equinor ASA by 325.5% during the second quarter. Farther Finance Advisors LLC now owns 28,803 shares of the company’s stock valued at $724,000 after purchasing an additional 22,034 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Equinor ASA in the second quarter valued at approximately $331,000. Finally, Voya Investment Management LLC acquired a new position in shares of Equinor ASA during the 1st quarter worth $7,459,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EQNR shares. JPMorgan Chase & Co. downgraded shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. DZ Bank downgraded shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Hsbc Global Res downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 24th. UBS Group downgraded shares of Equinor ASA from a “neutral” rating to a “sell” rating in a report on Tuesday, July 1st. Finally, Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $22.71.

Equinor ASA Price Performance

Shares of Equinor ASA stock opened at $24.23 on Monday. The firm has a fifty day simple moving average of $24.36 and a 200-day simple moving average of $24.57. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $28.26. The stock has a market capitalization of $71.34 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.87 and a beta of 0.52.

Equinor ASA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th will be paid a $0.37 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.30. This represents a $1.48 dividend on an annualized basis and a dividend yield of 6.1%. Equinor ASA’s dividend payout ratio is presently 40.53%.

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.