Rakuten Securities Inc. Has $32,000 Stake in Equinor ASA (NYSE:EQNR)

Rakuten Securities Inc. trimmed its position in shares of Equinor ASA (NYSE:EQNR) by 94.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,347 shares of the company’s stock after selling 24,608 shares during the quarter. Rakuten Securities Inc.’s holdings in Equinor ASA were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Folketrygdfondet raised its position in Equinor ASA by 4.0% in the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after buying an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP raised its position in Equinor ASA by 3.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after buying an additional 132,157 shares during the last quarter. Fisher Asset Management LLC raised its position in Equinor ASA by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company’s stock valued at $13,207,000 after buying an additional 34,720 shares during the last quarter. ABC Arbitrage SA purchased a new stake in Equinor ASA in the 4th quarter valued at $9,043,000. Finally, Todd Asset Management LLC raised its position in Equinor ASA by 6.5% in the 4th quarter. Todd Asset Management LLC now owns 178,432 shares of the company’s stock valued at $4,227,000 after buying an additional 10,828 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Down 1.1 %

EQNR stock opened at $23.78 on Friday. 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 market capitalization of $66.40 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.58 and a beta of 0.79. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32. The stock has a fifty day moving average of $23.94 and a 200-day moving average of $24.26.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. As a group, equities research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.89%. Equinor ASA’s dividend payout ratio is currently 37.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EQNR shares. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.