Natixis Advisors L.P. Sells 3,851 Shares of Equinor ASA (NYSE:EQNR)

Natixis Advisors L.P. trimmed its holdings in Equinor ASA (NYSE:EQNR) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Princeton Global Asset Management LLC bought a new position in Equinor ASA during the fourth quarter valued at about $43,000. SRS Capital Advisors Inc. raised its stake 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 valued at $44,000 after purchasing an additional 1,129 shares in the last quarter. GAMMA Investing LLC bought a new position in Equinor ASA in the fourth quarter worth $46,000. Planned Solutions Inc. acquired a new stake in Equinor ASA during the fourth quarter worth $59,000. Finally, Blue Trust Inc. increased its holdings in Equinor ASA by 42.8% in the 4th quarter. Blue Trust Inc. now owns 4,242 shares of the company’s stock valued at $139,000 after buying an additional 1,271 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analysts Set New Price Targets

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

Equinor ASA Stock Performance

NYSE EQNR opened at $28.14 on Thursday. Equinor ASA has a 1-year low of $24.44 and a 1-year high of $34.73. The company has a 50 day moving average of $26.91 and a 200-day moving average of $29.13. The company has a current ratio of 1.88, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48. The firm has a market cap of $87.84 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 3.36 and a beta of 0.85.

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

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 16th will be paid 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 dividend yield of 4.27%. Equinor ASA’s dividend payout ratio (DPR) is presently 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.