Y Intercept Hong Kong Ltd Purchases 39,948 Shares of Equinor ASA (NYSE:EQNR)

Y Intercept Hong Kong Ltd grew its position in shares of Equinor ASA (NYSE:EQNR) by 260.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,311 shares of the company’s stock after purchasing an additional 39,948 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Equinor ASA were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new position in Equinor ASA during the 4th quarter worth approximately $115,000. Callan Capital LLC bought a new stake in shares of Equinor ASA in the 4th quarter valued at $222,000. Drum Hill Capital LLC bought a new stake in Equinor ASA during the 4th quarter valued at $4,023,000. Bradley Foster & Sargent Inc. CT bought a new stake in Equinor ASA during the 4th quarter valued at $211,000. Finally, Manchester Capital Management LLC bought a new stake in Equinor ASA during the 4th quarter valued at $33,000. Institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

EQNR has been the subject of a number of recent research reports. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $22.61 on Thursday. The company’s 50-day moving average is $23.92 and its 200 day moving average is $24.56. 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 capitalization of $63.13 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 37.30%.

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.