John G Ullman & Associates Inc. Decreases Stock Holdings in Equinor ASA (NYSE:EQNR)

John G Ullman & Associates Inc. reduced its stake in Equinor ASA (NYSE:EQNR - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,600 shares of the company's stock after selling 35,450 shares during the period. John G Ullman & Associates Inc.'s holdings in Equinor ASA were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EQNR. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA during the 4th quarter worth approximately $33,000. Synergy Asset Management LLC bought a new stake in Equinor ASA in the fourth quarter worth $36,000. R Squared Ltd purchased a new stake in Equinor ASA during the fourth quarter valued at $48,000. Brooklyn Investment Group bought a new position in Equinor ASA during the fourth quarter valued at $61,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Equinor ASA in the 4th quarter worth $115,000. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Trading Down 3.1 %

EQNR stock traded down $0.72 during mid-day trading on Monday, reaching $22.67. The company had a trading volume of 6,280,518 shares, compared to its average volume of 4,541,346. The firm has a 50 day moving average of $23.95 and a 200 day moving average of $24.47. 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 has a 12 month low of $21.85 and a 12 month high of $29.32. The company has a market capitalization of $63.31 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83.

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 return on equity of 20.33% and a net margin of 8.49%. On average, equities analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 6.18%. Equinor ASA's payout ratio is currently 37.30%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Redburn Atlantic raised shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th. HSBC raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Danske raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Barclays raised shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Equinor ASA presently has a consensus rating of "Moderate Buy" and an average price target of $29.45.

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.