Sei Investments Co. Sells 3,723 Shares of Equinor ASA (NYSE:EQNR)

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

Other large investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA in the fourth quarter worth $33,000. Synergy Asset Management LLC bought a new position in Equinor ASA in the 4th quarter worth $36,000. R Squared Ltd purchased a new stake in Equinor ASA in the 4th quarter worth $48,000. Brooklyn Investment Group bought a new stake in Equinor ASA during the fourth quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Equinor ASA by 325.0% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analysts Set New Price Targets

EQNR has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley reduced 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. One equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.10.

Equinor ASA Price Performance

Equinor ASA stock opened at $26.18 on Friday. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The company has a market cap of $73.10 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.58 and a beta of 0.79. The firm’s fifty day moving average is $23.93 and its 200 day moving average is $24.19. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 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%. Sell-side analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 37.30%.

Equinor ASA Company 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.