Bank of New York Mellon Corp Sells 38,930 Shares of Equinor ASA (NYSE:EQNR)

Bank of New York Mellon Corp cut its stake in Equinor ASA (NYSE:EQNR - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,233 shares of the company's stock after selling 38,930 shares during the period. Bank of New York Mellon Corp's holdings in Equinor ASA were worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its stake in shares of Equinor ASA by 28.7% in the third quarter. Cerity Partners LLC now owns 26,009 shares of the company's stock valued at $659,000 after buying an additional 5,804 shares during the period. Fisher Asset Management LLC raised its holdings in Equinor ASA by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company's stock valued at $13,242,000 after acquiring an additional 16,303 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Equinor ASA by 17.0% in the 3rd quarter. Bank of Montreal Can now owns 159,794 shares of the company's stock worth $3,993,000 after acquiring an additional 23,213 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company's stock worth $676,000 after purchasing an additional 1,247 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $2,305,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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Equinor ASA Price Performance

Shares of Equinor ASA stock traded down $0.09 during trading on Friday, reaching $26.05. The company's stock had a trading volume of 1,808,834 shares, compared to its average volume of 3,477,610. The stock has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $24.19. The stock has a market capitalization of $72.74 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a one year low of $21.85 and a one year high of $29.32.

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 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%. As a group, sell-side analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Friday, February 14th. Equinor ASA's payout ratio is 37.30%.

Analyst Ratings Changes

EQNR has been the subject of several research reports. Royal Bank of Canada reiterated a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Morgan Stanley cut their price target on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a research note on Monday, March 17th. Finally, Pareto Securities upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Equinor ASA has a consensus rating of "Moderate Buy" and an average target price of $28.10.

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.