Blue Trust Inc. Sells 22,150 Shares of Equinor ASA (NYSE:EQNR)

Blue Trust Inc. decreased its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 71.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,676 shares of the company's stock after selling 22,150 shares during the quarter. Blue Trust Inc.'s holdings in Equinor ASA were worth $206,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EQNR. Mediolanum International Funds Ltd bought a new position in Equinor ASA in the 3rd quarter valued at about $6,203,000. Public Employees Retirement System of Ohio acquired a new stake in Equinor ASA during the 3rd quarter worth approximately $3,685,000. Wellington Management Group LLP boosted its position in Equinor ASA by 3.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock worth $95,019,000 after buying an additional 132,157 shares during the period. GSA Capital Partners LLP acquired a new stake in Equinor ASA during the 3rd quarter worth approximately $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Equinor ASA during the 3rd quarter worth approximately $2,305,000. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Performance

EQNR traded down $0.31 during trading on Friday, hitting $23.18. 2,127,834 shares of the company traded hands, compared to its average volume of 4,423,053. The firm has a market cap of $64.72 billion, a P/E ratio of 7.45, a price-to-earnings-growth ratio of 0.57 and a beta of 0.83. The stock's fifty day moving average is $23.88 and its 200 day moving average is $24.67. 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 one year low of $21.85 and a one year high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, equities analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.04%. The ex-dividend date is Friday, February 14th. Equinor ASA's dividend payout ratio (DPR) is 37.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada reiterated a "sector perform" rating on shares of Equinor ASA in a research report on Thursday, February 6th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Redburn Atlantic upgraded shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. Finally, StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Equinor ASA presently has an average rating of "Moderate Buy" and a consensus price target of $29.45.

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.