Truist Financial Corp lowered its position in Equinor ASA (NYSE:EQNR – Free Report) by 8.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,301 shares of the company’s stock after selling 1,472 shares during the quarter. Truist Financial Corp’s holdings in Equinor ASA were worth $484,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC boosted its holdings in Equinor ASA by 6.9% in the fourth quarter. Yousif Capital Management LLC now owns 53,116 shares of the company’s stock valued at $1,681,000 after acquiring an additional 3,420 shares during the last quarter. GAMMA Investing LLC acquired a new position in Equinor ASA in the fourth quarter valued at $46,000. Foster & Motley Inc. acquired a new position in Equinor ASA in the fourth quarter valued at $224,000. Signaturefd LLC boosted its holdings in Equinor ASA by 4.5% in the fourth quarter. Signaturefd LLC now owns 22,205 shares of the company’s stock valued at $703,000 after acquiring an additional 951 shares during the last quarter. Finally, John G Ullman & Associates Inc. boosted its holdings in Equinor ASA by 7.0% in the fourth quarter. John G Ullman & Associates Inc. now owns 178,000 shares of the company’s stock valued at $5,632,000 after acquiring an additional 11,600 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.
Equinor ASA Trading Up 1.9 %
Shares of EQNR opened at $28.51 on Friday. The stock’s 50-day moving average is $27.40 and its two-hundred day moving average is $28.91. The stock has a market cap of $89.01 billion, a PE ratio of 8.83, a P/E/G ratio of 3.34 and a beta of 0.85. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76.
Equinor ASA (NYSE:EQNR – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.78 by $0.18. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The business had revenue of $25.14 billion for the quarter, compared to analysts’ expectations of $25.03 billion. Equities analysts forecast that Equinor ASA will post 3.6 earnings per share for the current fiscal year.
Equinor ASA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is 35.60%.
Analyst Ratings Changes
EQNR has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Equinor ASA in a report on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price on the stock. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, DZ Bank cut Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Equinor ASA has an average rating of “Hold” and a consensus price target of $28.25.
Get Our Latest Research Report on EQNR
Equinor ASA Company 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.
Further Reading
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Source: defenseworld.net
