O Shaughnessy Asset Management LLC Sells 182,481 Shares of Equinor ASA $EQNR

O Shaughnessy Asset Management LLC lowered its stake in Equinor ASA (NYSE:EQNR) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 540,335 shares of the company’s stock after selling 182,481 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Equinor ASA were worth $12,768,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Mirabella Financial Services LLP bought a new position in Equinor ASA in the third quarter valued at about $730,757,000. Bank of America Corp DE grew its position in Equinor ASA by 30.2% in the third quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock valued at $384,227,000 after acquiring an additional 3,659,611 shares during the last quarter. Wellington Management Group LLP grew its position in Equinor ASA by 0.7% in the third quarter. Wellington Management Group LLP now owns 3,852,448 shares of the company’s stock valued at $93,923,000 after acquiring an additional 25,250 shares during the last quarter. JPMorgan Chase & Co. grew its position in Equinor ASA by 1,437.7% in the third quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after acquiring an additional 2,137,642 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Equinor ASA by 2.2% in the third quarter. Fisher Asset Management LLC now owns 1,827,302 shares of the company’s stock valued at $44,550,000 after acquiring an additional 39,524 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $36.55 on Wednesday. The business’s 50-day moving average price is $38.66 and its 200-day moving average price is $31.36. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $43.46. The firm has a market capitalization of $107.64 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.09 and a beta of 0.03. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.57.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%.The firm had revenue of $28.40 billion for the quarter, compared to analyst estimates of $28.73 billion. Equities research analysts forecast that Equinor ASA will post 5.19 EPS for the current year.

Equinor ASA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s payout ratio is currently 58.72%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EQNR. Pareto Securities cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings upgraded Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. TD Cowen lifted their target price on Equinor ASA from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, June 5th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price target on the stock in a research note on Tuesday, March 24th. Finally, Zacks Research lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.20.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.