Equinor ASA (NYSE:EQNR) Shares Bought by Semper Augustus Investments Group LLC

Semper Augustus Investments Group LLC raised its stake in shares of Equinor ASA (NYSE:EQNR) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 490,140 shares of the company’s stock after acquiring an additional 10,948 shares during the period. Equinor ASA makes up 2.1% of Semper Augustus Investments Group LLC’s holdings, making the stock its 13th biggest holding. Semper Augustus Investments Group LLC’s holdings in Equinor ASA were worth $11,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SIR Capital Management L.P. purchased a new position in shares of Equinor ASA during the fourth quarter worth $10,786,000. Quantinno Capital Management LP grew its stake in Equinor ASA by 30.6% during the 4th quarter. Quantinno Capital Management LP now owns 49,013 shares of the company’s stock worth $1,161,000 after purchasing an additional 11,482 shares in the last quarter. Interval Partners LP acquired a new position in shares of Equinor ASA during the fourth quarter worth about $2,340,000. Graham Capital Management L.P. purchased a new stake in shares of Equinor ASA in the 4th quarter valued at approximately $1,117,000. Finally, Ethic Inc. purchased a new position in Equinor ASA in the fourth quarter valued at $241,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 0.8%

Shares of NYSE:EQNR opened at $23.55 on Friday. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The stock has a market cap of $65.77 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.58 and a beta of 0.58. The firm has a fifty day moving average price of $23.87 and a 200 day moving average price of $23.78.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. The business had revenue of $27.14 billion for the quarter, compared to analyst estimates of $27.16 billion. Sell-side analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be given a dividend of $0.304 per share. The ex-dividend date is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a yield of 5.16%. Equinor ASA’s payout ratio is 38.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada lowered shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Equinor ASA has a consensus rating of “Moderate Buy” and a consensus price target of $20.85.

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.