Raymond James & Associates Reduces Stake in Equinor ASA (NYSE:EQNR)

Raymond James & Associates lessened its position in shares of Equinor ASA (NYSE:EQNR) by 40.0% in the fourth quarter, Holdings Channel reports. The fund owned 23,760 shares of the company’s stock after selling 15,860 shares during the quarter. Raymond James & Associates’ holdings in Equinor ASA were worth $752,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in shares of Equinor ASA by 558.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock worth $44,000 after buying an additional 1,129 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of Equinor ASA by 44.2% during the 3rd quarter. Hexagon Capital Partners LLC now owns 4,297 shares of the company’s stock valued at $141,000 after acquiring an additional 1,317 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Equinor ASA in the 3rd quarter worth $164,000. HM Payson & Co. raised its holdings in Equinor ASA by 38.7% in the 3rd quarter. HM Payson & Co. now owns 5,293 shares of the company’s stock worth $174,000 after purchasing an additional 1,478 shares during the period. Finally, Citigroup Inc. lifted its position in Equinor ASA by 16.2% during the third quarter. Citigroup Inc. now owns 5,670 shares of the company’s stock valued at $186,000 after purchasing an additional 790 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Down 0.0 %

NYSE EQNR opened at $27.12 on Wednesday. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The company has a current ratio of 1.71, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The stock has a market cap of $84.67 billion, a PE ratio of 6.94 and a beta of 0.85. The stock’s 50 day moving average is $26.48 and its 200 day moving average is $29.60.

Equinor ASA (NYSE:EQNR) last released 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). Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. The company had revenue of $29.05 billion for the quarter, compared to the consensus estimate of $27.35 billion. Research analysts predict that Equinor ASA will post 3.26 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is presently 25.06%.

Analysts Set New Price Targets

A number of analysts have commented on EQNR shares. TD Cowen upped their price target on Equinor ASA from $26.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. DZ Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. Three 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. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and a consensus target price of $28.25.

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.