HighTower Advisors LLC cut its stake in Equinor ASA (NYSE:EQNR - Free Report) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,796 shares of the company's stock after selling 102,945 shares during the quarter. HighTower Advisors LLC's holdings in Equinor ASA were worth $2,435,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Inspire Advisors LLC raised its stake in shares of Equinor ASA by 10.2% during the 4th quarter. Inspire Advisors LLC now owns 23,313 shares of the company's stock worth $552,000 after acquiring an additional 2,159 shares in the last quarter. Folketrygdfondet lifted its holdings in shares of Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. Callan Family Office LLC acquired a new position in Equinor ASA during the 4th quarter valued at about $485,000. Raymond James Financial Inc. purchased a new stake in Equinor ASA in the fourth quarter valued at about $909,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Equinor ASA by 62.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company's stock worth $1,486,000 after acquiring an additional 24,090 shares in the last quarter. 5.51% of the stock is owned by institutional investors.
Equinor ASA Price Performance
EQNR traded up $0.35 during midday trading on Wednesday, hitting $25.97. 1,983,941 shares of the company traded hands, compared to its average volume of 3,462,812. The company has a market capitalization of $72.51 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.58 and a beta of 0.79. The business has a 50 day simple moving average of $23.90 and a two-hundred day simple moving average of $24.16. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. 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 (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts' consensus estimates 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 forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.
Equinor ASA Dividend Announcement
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 $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.39%. Equinor ASA's dividend payout ratio (DPR) is presently 37.30%.
Wall Street Analysts Forecast Growth
EQNR has been the subject of several research analyst reports. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating 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 note on Monday, December 9th. StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada restated a "sector perform" rating on shares of Equinor ASA in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Equinor ASA currently has an average rating of "Moderate Buy" and an average price target of $28.10.
Check Out Our Latest Research Report on Equinor ASA
Equinor ASA Company Profile
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Free Report)
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.
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