Callan Family Office LLC Takes $485,000 Position in Equinor ASA (NYSE:EQNR)

Callan Family Office LLC purchased a new stake in Equinor ASA (NYSE:EQNR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,491 shares of the company’s stock, valued at approximately $485,000.

A number of other large investors have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $909,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Equinor ASA by 62.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock worth $1,486,000 after buying an additional 24,090 shares during the last quarter. Unified Investment Management acquired a new stake in shares of Equinor ASA during the 4th quarter worth approximately $540,000. SBI Securities Co. Ltd. acquired a new stake in shares of Equinor ASA during the 4th quarter worth approximately $165,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock worth $123,000 after buying an additional 505 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Stock Up 3.6 %

Shares of EQNR opened at $23.18 on Monday. The stock has a market capitalization of $64.72 billion, a PE ratio of 7.45, a P/E/G ratio of 0.58 and a beta of 0.79. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.32. 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’s 50-day simple moving average is $23.93 and its 200-day simple moving average is $24.30.

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

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Friday, February 14th. Equinor ASA’s payout ratio is presently 37.30%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EQNR. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Hsbc Global Res raised shares of Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA 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.