US Bancorp DE Lowers Stake in Equinor ASA (NYSE:EQNR)

US Bancorp DE lowered its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 47.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,289 shares of the company's stock after selling 50,819 shares during the period. US Bancorp DE's holdings in Equinor ASA were worth $1,333,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EQNR. Manchester Capital Management LLC purchased a new position in Equinor ASA in the 4th quarter valued at approximately $33,000. Synergy Asset Management LLC bought a new stake in Equinor ASA during the 4th quarter worth approximately $36,000. R Squared Ltd purchased a new stake in Equinor ASA in the 4th quarter worth approximately $48,000. Brooklyn Investment Group bought a new position in Equinor ASA in the 4th quarter valued at $61,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Equinor ASA during the 4th quarter valued at $115,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Redburn Atlantic upgraded shares of Equinor ASA from a "neutral" rating to a "buy" rating in a research report on Wednesday, November 20th. Berenberg Bank raised shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. DZ Bank raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.45.

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Equinor ASA Trading Up 0.7 %

NYSE:EQNR traded up $0.18 during midday trading on Wednesday, reaching $24.11. 3,636,693 shares of the stock traded hands, compared to its average volume of 4,512,524. The stock has a market capitalization of $67.32 billion, a P/E ratio of 7.74, a PEG ratio of 0.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The company has a fifty day moving average of $23.95 and a 200 day moving average of $24.26. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its 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 return on equity of 20.33% and a net margin of 8.49%. On average, research analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA's payout ratio is currently 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.