Bank of Montreal Can Sells 60,655 Shares of Equinor ASA (NYSE:EQNR)

Bank of Montreal Can reduced its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 38.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,139 shares of the company's stock after selling 60,655 shares during the quarter. Bank of Montreal Can's holdings in Equinor ASA were worth $2,349,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EQNR. Manchester Capital Management LLC bought a new stake in shares of Equinor ASA during the 4th quarter valued at about $33,000. Synergy Asset Management LLC purchased a new stake in Equinor ASA during the 4th quarter valued at about $36,000. R Squared Ltd bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $48,000. Brooklyn Investment Group bought a new stake in shares of Equinor ASA in the 4th quarter worth $61,000. Finally, Smartleaf Asset Management LLC raised its position in Equinor ASA by 325.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company's stock worth $92,000 after buying an additional 3,016 shares during the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on EQNR. Royal Bank of Canada reissued a "sector perform" rating on shares of Equinor ASA in a report on Thursday, February 6th. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Danske upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report 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. Finally, Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $28.10.

Equinor ASA Trading Down 0.9 %

NYSE EQNR traded down $0.21 during trading on Friday, hitting $23.23. The stock had a trading volume of 4,820,803 shares, compared to its average volume of 3,515,501. The stock has a market capitalization of $64.89 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 0.58 and a beta of 0.58. The stock has a 50 day simple moving average of $23.89 and a 200 day simple moving average of $24.07. Equinor ASA has a one year low of $21.41 and a one 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.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Sell-side 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. Investors of record on Friday, May 16th will be issued a dividend of $0.304 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a yield of 5.23%. Equinor ASA's payout ratio is 38.91%.

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.