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Stock Traders Purchase Large Volume of Call Options on Equinor ASA (NYSE:EQNR)

Defense World · Sep 21, 2022 02:21

Equinor ASA (NYSE:EQNR – Get Rating) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 6,258 call options on the stock. This represents an increase of 255% compared to the typical daily volume of 1,762 call options.

Institutional Trading of Equinor ASA

Several institutional investors have recently modified their holdings of EQNR. Dimensional Fund Advisors LP boosted its position in Equinor ASA by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 698,716 shares of the company's stock worth $18,397,000 after acquiring an additional 2,530 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Equinor ASA by 2,824.1% during the fourth quarter. BNP Paribas Arbitrage SA now owns 38,189 shares of the company's stock worth $1,006,000 after acquiring an additional 36,883 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Equinor ASA during the fourth quarter worth about $271,000. Banco de Sabadell S.A boosted its position in Equinor ASA by 9.7% during the fourth quarter. Banco de Sabadell S.A now owns 28,141 shares of the company's stock worth $743,000 after acquiring an additional 2,497 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in Equinor ASA by 90.5% during the fourth quarter. Point72 Asset Management L.P. now owns 2,565,111 shares of the company's stock worth $67,539,000 after acquiring an additional 1,218,685 shares during the last quarter. Institutional investors and hedge funds own 5.41% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently commented on EQNR shares. JPMorgan Chase & Co. upped their price target on shares of Equinor ASA from 350.00 to 380.00 in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Equinor ASA from 314.00 to 354.00 and gave the company a "hold" rating in a report on Wednesday, July 6th. Morgan Stanley upped their price target on shares of Equinor ASA from 287.00 to 304.00 and gave the company an "underweight" rating in a report on Wednesday, August 17th. Finally, Credit Suisse Group began coverage on shares of Equinor ASA in a research note on Thursday, June 9th. They issued a "neutral" rating on the stock. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Equinor ASA has an average rating of "Hold" and an average price target of $272.00.

Equinor ASA Trading Down 0.4 %

NYSE EQNR opened at $34.61 on Wednesday. The company has a fifty day simple moving average of $36.94 and a two-hundred day simple moving average of $35.96. The stock has a market cap of $112.35 billion, a P/E ratio of 6.86, a P/E/G ratio of 1.10 and a beta of 0.98. Equinor ASA has a 12-month low of $23.07 and a 12-month high of $42.53. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.

Equinor ASA (NYSE:EQNR – Get Rating) last issued its earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. The firm had revenue of $36.39 billion during the quarter, compared to analysts' expectations of $50.49 billion. On average, analysts forecast that Equinor ASA will post 6.31 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a $0.345 dividend. The ex-dividend date was Thursday, August 11th. This represents a yield of 1.9%. Equinor ASA's payout ratio is 11.51%.

About Equinor ASA

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Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.