Arrowstreet Capital Limited Partnership Lowers Position in Equinor ASA (NYSE:EQNR)

Arrowstreet Capital Limited Partnership trimmed its stake in shares of Equinor ASA (NYSE:EQNR) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,649,398 shares of the company’s stock after selling 127,487 shares during the period. Arrowstreet Capital Limited Partnership owned 0.38% of Equinor ASA worth $252,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC bought a new stake in shares of Equinor ASA in the fourth quarter worth about $33,000. Synergy Asset Management LLC bought a new stake in Equinor ASA in the 4th quarter worth approximately $36,000. R Squared Ltd bought a new stake in Equinor ASA in the 4th quarter worth approximately $48,000. Brooklyn Investment Group purchased a new stake in shares of Equinor ASA during the 4th quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC boosted its position 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 valued at $92,000 after acquiring an additional 3,016 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EQNR has been the topic of a number of recent research reports. Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. Finally, StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.10.

Equinor ASA Trading Down 0.4 %

EQNR opened at $26.05 on Friday. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. 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 stock has a market cap of $72.74 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 0.58 and a beta of 0.79. The stock’s 50 day moving average price is $23.95 and its 200-day moving average price is $24.19.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate 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 forecast 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 $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.38%. Equinor ASA’s dividend payout ratio (DPR) is 37.30%.

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.