Sei Investments Co. Decreases Holdings in Equinor ASA (NYSE:EQNR)

Sei Investments Co. trimmed its holdings in Equinor ASA (NYSE:EQNR) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 826,260 shares of the company’s stock after selling 3,723 shares during the quarter. Sei Investments Co.’s holdings in Equinor ASA were worth $19,574,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its position in shares of Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after purchasing an additional 487 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after buying an additional 505 shares in the last quarter. Gallacher Capital Management LLC grew its position in shares of Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock worth $464,000 after buying an additional 518 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Equinor ASA by 10.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock worth $146,000 after acquiring an additional 593 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in Equinor ASA by 4.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock valued at $676,000 after acquiring an additional 1,247 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on EQNR shares. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Hsbc Global Res upgraded Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. Morgan Stanley dropped their target price on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating on the stock in a research note on Monday, March 17th. Finally, StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Moderate Buy” and an average target price of $28.10.

Equinor ASA Price Performance

NYSE EQNR opened at $26.18 on Friday. The stock has a market capitalization of $73.10 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.58 and a beta of 0.79. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The business’s fifty day moving average price is $23.93 and its 200-day moving average price is $24.19.

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

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 5.35%. The ex-dividend date was Friday, February 14th. Equinor ASA’s payout ratio 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.