Equinor ASA (NYSE:EQNR) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC cut its stake in shares of Equinor ASA (NYSE:EQNR) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,778,734 shares of the company’s stock after selling 43,506 shares during the quarter. Equinor ASA comprises about 1.2% of Todd Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Todd Asset Management LLC owned approximately 0.06% of Equinor ASA worth $56,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Fisher Asset Management LLC increased its stake in Equinor ASA by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 389,722 shares of the company’s stock valued at $12,331,000 after purchasing an additional 10,904 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Equinor ASA by 13.5% in the fourth quarter. First Trust Direct Indexing L.P. now owns 27,854 shares of the company’s stock valued at $881,000 after buying an additional 3,306 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Equinor ASA by 27.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 5,457 shares of the company’s stock worth $173,000 after buying an additional 1,160 shares during the last quarter. Hollow Brook Wealth Management LLC boosted its position in shares of Equinor ASA by 3.1% in the 4th quarter. Hollow Brook Wealth Management LLC now owns 66,637 shares of the company’s stock worth $2,108,000 after buying an additional 1,985 shares in the last quarter. Finally, Intrust Bank NA boosted its position in shares of Equinor ASA by 6.2% in the 4th quarter. Intrust Bank NA now owns 30,489 shares of the company’s stock worth $965,000 after buying an additional 1,785 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EQNR shares. DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. TD Cowen assumed coverage on Equinor ASA in a research note on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price on the stock. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.40 to $28.50 in a research report on Tuesday, February 20th. Finally, StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Equinor ASA has a consensus rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Trading Up 1.6 %

EQNR stock traded up $0.42 during midday trading on Friday, hitting $27.41. The stock had a trading volume of 4,579,700 shares, compared to its average volume of 4,034,641. The company’s 50-day moving average price is $26.78 and its 200 day moving average price is $29.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76. The firm has a market cap of $85.57 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.85. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.44). The company had revenue of $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. On average, equities research analysts predict that Equinor ASA will post 3.49 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.38%. Equinor ASA’s payout ratio is 30.34%.

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.