US Bancorp DE cut its stake in Equinor ASA (NYSE:EQNR – Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,201 shares of the company’s stock after selling 10,921 shares during the period. US Bancorp DE’s holdings in Equinor ASA were worth $1,557,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in EQNR. Principal Securities Inc. bought a new position in shares of Equinor ASA during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC grew its position in Equinor ASA by 136.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock worth $34,000 after purchasing an additional 629 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $41,000. Princeton Global Asset Management LLC bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $43,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Equinor ASA by 558.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock valued at $44,000 after buying an additional 1,129 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.
Equinor ASA Stock Up 2.3 %
EQNR opened at $29.14 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The company has a market capitalization of $90.97 billion, a PE ratio of 9.02, a P/E/G ratio of 3.83 and a beta of 0.85. The stock’s fifty day moving average is $27.83 and its 200-day moving average is $28.58. Equinor ASA has a one year low of $24.44 and a one year high of $34.73.
Equinor ASA (NYSE:EQNR – Get Free Report) last issued 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 net margin of 9.30% and a return on equity of 19.67%. The firm had revenue of $25.14 billion for the quarter, compared to analysts’ expectations of $25.03 billion. On average, equities analysts predict that Equinor ASA will post 3.5 EPS for the current fiscal year.
Equinor ASA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 28th. Investors of record on Thursday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.12%. The ex-dividend date was Wednesday, May 15th. Equinor ASA’s dividend payout ratio is presently 35.60%.
Analyst Upgrades and Downgrades
EQNR has been the topic of several analyst reports. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $26.40 to $28.50 in a research report on Tuesday, February 20th. TD Cowen initiated coverage on Equinor ASA in a report on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target on the stock. DZ Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Equinor ASA currently has an average rating of “Hold” and a consensus target price of $28.25.
Read Our Latest Research Report on EQNR
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.
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Source: defenseworld.net
