Drum Hill Capital LLC Invests $4.02 Million in Equinor ASA (NYSE:EQNR)

Drum Hill Capital LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 169,820 shares of the company’s stock, valued at approximately $4,023,000. Equinor ASA makes up 5.0% of Drum Hill Capital LLC’s portfolio, making the stock its 5th biggest holding.

A number of other large investors also recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after acquiring an additional 487 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after acquiring an additional 543 shares in the last quarter. Ipswich Investment Management Co. Inc. lifted its stake in shares of Equinor ASA by 1.2% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock worth $2,057,000 after purchasing an additional 1,000 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Equinor ASA during the third quarter valued at about $31,000. Finally, Glenmede Trust Co. NA grew its stake in Equinor ASA by 4.9% in the third quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock valued at $676,000 after purchasing an additional 1,247 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EQNR. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $25.80 to $30.90 in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Down 1.1 %

NYSE:EQNR opened at $23.22 on Friday. 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 twelve month low of $21.85 and a twelve month high of $29.32. The company has a market cap of $64.83 billion, a PE ratio of 7.46, a P/E/G ratio of 0.58 and a beta of 0.83. The company’s 50 day moving average is $23.88 and its two-hundred day moving average is $24.66.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. Analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis 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 presently 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.