Grantham Mayo Van Otterloo & Co. LLC Purchases New Shares in Equinor ASA (NYSE:EQNR)

Grantham Mayo Van Otterloo & Co. LLC acquired 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 acquired 19,640 shares of the company’s stock, valued at approximately $465,000.

Several other institutional investors have also added to or reduced their stakes in EQNR. Folketrygdfondet increased its position in shares of Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after buying an additional 4,300,472 shares during the period. Wellington Management Group LLP grew its holdings in shares of Equinor ASA by 10.7% during the 4th quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company’s stock worth $98,340,000 after acquiring an additional 399,861 shares during the period. Trexquant Investment LP raised its position in shares of Equinor ASA by 975.0% in the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company’s stock worth $19,961,000 after acquiring an additional 764,204 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Equinor ASA by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company’s stock valued at $13,207,000 after purchasing an additional 34,720 shares during the period. Finally, OLD Mission Capital LLC boosted its position in shares of Equinor ASA by 0.4% during the fourth quarter. OLD Mission Capital LLC now owns 475,326 shares of the company’s stock valued at $11,260,000 after purchasing an additional 1,722 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Performance

EQNR stock opened at $21.98 on Wednesday. The stock’s 50 day simple moving average is $24.02 and its 200 day simple moving average is $24.17. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12-month low of $21.51 and a 12-month high of $29.32. The stock has a market capitalization of $61.37 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s payout ratio is presently 37.30%.

Wall Street Analyst Weigh In

Several brokerages have commented on EQNR. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada reissued a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating for the company in a research note on Monday, March 17th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.10.

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.