Equinor ASA (NYSE:EQNR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 22.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,601 shares of the company's stock after selling 64,018 shares during the period. Envestnet Asset Management Inc.'s holdings in Equinor ASA were worth $5,250,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EQNR. Folketrygdfondet increased its holdings in Equinor ASA by 4.0% in the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock worth $2,640,631,000 after buying an additional 4,300,472 shares during the period. Wellington Management Group LLP increased its stake in shares of Equinor ASA by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock worth $98,340,000 after acquiring an additional 399,861 shares during the period. Trexquant Investment LP increased its stake in shares of Equinor ASA by 975.0% in the fourth quarter. Trexquant Investment LP now owns 842,580 shares of the company's stock worth $19,961,000 after acquiring an additional 764,204 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Equinor ASA by 6.6% during the fourth quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock worth $13,207,000 after purchasing an additional 34,720 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its position in Equinor ASA by 0.4% during the fourth quarter. OLD Mission Capital LLC now owns 475,326 shares of the company's stock valued at $11,260,000 after purchasing an additional 1,722 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Trading Up 0.7 %

Shares of NYSE:EQNR opened at $23.20 on Wednesday. The business's 50 day moving average price is $23.88 and its 200-day moving average price is $23.99. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.32. The firm has a market capitalization of $64.79 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share 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, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.304 per share. The ex-dividend date is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.24%. Equinor ASA's payout ratio is currently 38.91%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on EQNR. HSBC raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Royal Bank of Canada lowered Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday. DZ Bank raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Nordea Equity Research raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.

Want to see what other hedge funds are holding EQNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinor ASA (NYSE:EQNR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.