PNC Financial Services Group Inc. lowered its holdings in Equinor ASA (NYSE:EQNR) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 29,500 shares of the company’s stock after selling 3,161 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Equinor ASA were worth $833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Equinor ASA by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 82,885 shares of the company’s stock worth $2,336,000 after purchasing an additional 13,000 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Equinor ASA by 17.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 105,154 shares of the company’s stock worth $2,965,000 after purchasing an additional 15,924 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Equinor ASA by 9.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 34,193 shares of the company’s stock worth $964,000 after purchasing an additional 2,938 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Equinor ASA by 97.8% in the 3rd quarter. Sei Investments Co. now owns 2,112,496 shares of the company’s stock worth $59,539,000 after purchasing an additional 1,044,232 shares in the last quarter. Finally, Folketrygdfondet increased its holdings in shares of Equinor ASA by 1.8% in the 3rd quarter. Folketrygdfondet now owns 117,224,102 shares of the company’s stock worth $3,305,720,000 after purchasing an additional 2,037,306 shares in the last quarter. Institutional investors and hedge funds own 5.41% of the company’s stock.

Shares of EQNR opened at $22.10 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.36 and a quick ratio of 1.19. Equinor ASA has a one year low of $20.11 and a one year high of $28.93. The firm has a market capitalization of $73.57 billion, a P/E ratio of 16.01, a PEG ratio of 0.46 and a beta of 0.95.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, October 24th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.08. Equinor ASA had a return on equity of 15.62% and a net margin of 9.08%. The company had revenue of $19.14 billion during the quarter. Equities research analysts predict that Equinor ASA will post 2.09 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which was paid on Friday, November 30th. Investors of record on Wednesday, November 21st were issued a $0.23 dividend. This represents a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, November 20th. Equinor ASA’s payout ratio is currently 48.55%.

A number of analysts have commented on the company. Goldman Sachs Group lowered Equinor ASA from a “neutral” rating to a “sell” rating in a report on Thursday. Pareto Securities lowered Equinor ASA from a “hold” rating to a “sell” rating in a report on Thursday. Bank of America lowered Equinor ASA from a “buy” rating to a “neutral” rating and set a $23.07 target price for the company. in a report on Tuesday, December 11th. Deutsche Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, December 10th. Finally, Zacks Investment Research lowered Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.36.

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Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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