Equinor ASA (NYSE:EQNR) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Equinor ASA (NYSE:EQNR - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115,423 shares of the company's stock after selling 13,400 shares during the quarter. Renaissance Technologies LLC's holdings in Equinor ASA were worth $2,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EQNR. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA in the fourth quarter valued at $33,000. Synergy Asset Management LLC acquired a new stake in Equinor ASA in the 4th quarter worth about $36,000. R Squared Ltd purchased a new stake in Equinor ASA in the 4th quarter valued at about $48,000. Brooklyn Investment Group acquired a new position in shares of Equinor ASA during the 4th quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Equinor ASA by 325.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company's stock worth $92,000 after acquiring an additional 3,016 shares during the period. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on EQNR shares. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Morgan Stanley dropped their price objective on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a report on Monday, March 17th. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.10.

Equinor ASA Stock Up 1.1 %

NYSE:EQNR traded up $0.24 during trading hours on Monday, hitting $22.90. The stock had a trading volume of 3,684,400 shares, compared to its average volume of 3,488,942. The company has a market cap of $63.95 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The business has a 50 day simple moving average of $23.86 and a two-hundred day simple moving average of $23.93. Equinor ASA has a 1-year low of $21.41 and a 1-year 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 released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be paid a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Friday, May 16th. Equinor ASA's dividend payout ratio (DPR) is 38.91%.

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.