Equinor ASA (NYSE:EQNR) Stock Holdings Trimmed by Naviter Wealth LLC

Naviter Wealth LLC decreased its holdings in Equinor ASA (NYSE:EQNR) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,826 shares of the company’s stock after selling 562 shares during the quarter. Naviter Wealth LLC’s holdings in Equinor ASA were worth $730,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EQNR. Fisher Asset Management LLC increased its stake in shares of Equinor ASA by 3.7% during the fourth quarter. Fisher Asset Management LLC now owns 392,962 shares of the company’s stock valued at $12,433,000 after acquiring an additional 14,144 shares during the period. PNC Financial Services Group Inc. boosted its stake in Equinor ASA by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 50,568 shares of the company’s stock valued at $1,600,000 after purchasing an additional 1,189 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Equinor ASA during the 1st quarter valued at $113,000. Sandy Cove Advisors LLC bought a new stake in shares of Equinor ASA in the 1st quarter worth $203,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Equinor ASA in the first quarter valued at $81,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EQNR. TD Cowen reduced their price objective on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Barclays upgraded shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research note on Monday. Finally, UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Price Performance

NYSE EQNR opened at $24.32 on Friday. The stock has a market capitalization of $71.62 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. The company has a 50 day moving average price of $25.93 and a two-hundred day moving average price of $27.02. Equinor ASA has a 12-month low of $24.02 and a 12-month high of $34.73. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The firm had revenue of $25.54 billion for the quarter, compared to analyst estimates of $25.93 billion. During the same quarter last year, the firm posted $0.74 EPS. As a group, equities analysts predict that Equinor ASA will post 3.34 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently declared a — dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 4.1%. Equinor ASA’s dividend payout ratio is 43.34%.

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.