Arrowstreet Capital Limited Partnership Sells 127,487 Shares of Equinor ASA (NYSE:EQNR)

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Equinor ASA (NYSE:EQNR) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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’s holdings in Equinor ASA were worth $252,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

EQNR has been the topic of several analyst reports. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley cut their price target on shares of Equinor ASA from $30.90 to $28.20 and set an “overweight” rating on the stock in a report on Monday, March 17th. Finally, Hsbc Global Res upgraded Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Equinor ASA has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

Equinor ASA Price Performance

Shares of EQNR opened at $26.05 on Friday. 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 company’s fifty day moving average price is $23.95 and its 200-day moving average price is $24.19. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The firm has a market capitalization of $72.74 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data 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 net margin of 8.49% and a return on equity of 20.33%. On average, equities research analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s payout ratio 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.