Natixis Advisors L.P. Trims Stock Position in Equinor ASA (NYSE:EQNR)

Natixis Advisors L.P. decreased its position in shares of Equinor ASA (NYSE:EQNR) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 328,166 shares of the company’s stock after selling 3,851 shares during the quarter. Natixis Advisors L.P.’s holdings in Equinor ASA were worth $10,383,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake in Equinor ASA by 4.5% during the 3rd quarter. FMR LLC now owns 10,284,862 shares of the company’s stock worth $337,241,000 after purchasing an additional 444,435 shares during the period. Wellington Management Group LLP lifted its holdings in Equinor ASA by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after acquiring an additional 134,688 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Equinor ASA by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,438,946 shares of the company’s stock worth $47,183,000 after purchasing an additional 18,694 shares during the period. Flputnam Investment Management Co. increased its holdings in shares of Equinor ASA by 1.8% in the 4th quarter. Flputnam Investment Management Co. now owns 805,293 shares of the company’s stock valued at $25,479,000 after purchasing an additional 14,466 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Equinor ASA by 25.2% in the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after purchasing an additional 139,952 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $28.14 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The business’s fifty day moving average price is $26.91 and its two-hundred day moving average price is $29.13. The stock has a market cap of $87.84 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 3.36 and a beta of 0.85. Equinor ASA has a one year low of $24.44 and a one year high of $34.73.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data 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 analysts’ expectations of $27.35 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. On average, analysts forecast that Equinor ASA will post 3.49 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.27%. Equinor ASA’s dividend payout ratio (DPR) 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.