Equinor ASA (NYSE:EQNR) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lowered its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 96.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,082 shares of the company's stock after selling 718,873 shares during the quarter. Flputnam Investment Management Co.'s holdings in Equinor ASA were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in EQNR. Allspring Global Investments Holdings LLC boosted its position in shares of Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock worth $122,000 after acquiring an additional 543 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Equinor ASA in the third quarter worth about $1,933,000. QRG Capital Management Inc. grew its stake in Equinor ASA by 46.6% in the third quarter. QRG Capital Management Inc. now owns 77,163 shares of the company's stock worth $1,955,000 after purchasing an additional 24,535 shares in the last quarter. Harvest Portfolios Group Inc. raised its holdings in shares of Equinor ASA by 11.7% in the third quarter. Harvest Portfolios Group Inc. now owns 62,153 shares of the company's stock valued at $1,574,000 after acquiring an additional 6,502 shares in the last quarter. Finally, Foster & Motley Inc. purchased a new stake in shares of Equinor ASA in the 3rd quarter worth approximately $407,000. 5.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on EQNR. Berenberg Bank upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Nordea Equity Research raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Equinor ASA in a research report on Thursday, February 6th. One 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.45.

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Equinor ASA Stock Performance

Shares of EQNR stock traded up $0.81 during trading hours on Friday, hitting $23.18. The company's stock had a trading volume of 4,470,528 shares, compared to its average volume of 4,479,255. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $23.93 and a 200 day moving average of $24.37. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.32. The stock has a market cap of $64.72 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.04%. The ex-dividend date was Friday, February 14th. Equinor ASA's dividend payout ratio (DPR) is 37.30%.

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.