Alliancebernstein L.P. Decreases Stock Position in Equinor ASA (NYSE:EQNR)

Alliancebernstein L.P. lessened its stake in Equinor ASA (NYSE:EQNR - Free Report) by 34.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,909 shares of the company's stock after selling 93,127 shares during the quarter. Alliancebernstein L.P.'s holdings in Equinor ASA were worth $4,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ABC Arbitrage SA acquired a new position in shares of Equinor ASA during the 4th quarter worth $9,043,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Equinor ASA by 62.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company's stock valued at $1,486,000 after purchasing an additional 24,090 shares in the last quarter. Folketrygdfondet grew its position in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Equinor ASA by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company's stock worth $2,388,000 after purchasing an additional 9,512 shares in the last quarter. Finally, Drum Hill Capital LLC purchased a new position in shares of Equinor ASA during the 4th quarter worth approximately $4,023,000. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Trading Down 1.7 %

Shares of NYSE EQNR traded down $0.39 during midday trading on Tuesday, hitting $23.04. The stock had a trading volume of 3,066,894 shares, compared to its average volume of 3,525,804. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $29.32. The company has a market capitalization of $64.34 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.58 and a beta of 0.58. The company has a fifty day moving average price of $23.94 and a 200 day moving average price of $24.11.

Remove Ads

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data 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%. On average, analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be given a $0.304 dividend. This represents a $1.22 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's dividend payout ratio (DPR) is presently 38.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EQNR shares. Morgan Stanley lowered their target price on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a report on Monday, March 17th. Royal Bank of Canada reissued a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. StockNews.com downgraded shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Finally, DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.10.

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.