Equinor ASA (NYSE:EQNR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of Equinor ASA (NYSE:EQNR) by 20.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,612 shares of the company’s stock after acquiring an additional 5,962 shares during the period. Rhumbline Advisers’ holdings in Equinor ASA were worth $942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EQNR. Charles Schwab Investment Management Inc. increased its holdings in shares of Equinor ASA by 62.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock valued at $1,486,000 after purchasing an additional 24,090 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Equinor ASA during the 4th quarter valued at approximately $909,000. Barclays PLC purchased a new position in shares of Equinor ASA during the 4th quarter valued at approximately $1,120,000. Folketrygdfondet increased its holdings in shares of Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares in the last quarter. Finally, Drum Hill Capital LLC purchased a new stake in Equinor ASA in the 4th quarter worth $4,023,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Trading Down 0.1%

Shares of EQNR opened at $27.79 on Friday. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $29.03. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $24.10 and its two-hundred day moving average is $24.00. The stock has a market cap of $77.60 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 0.71 and a beta of 0.57.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $27.14 billion for the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a return on equity of 18.44% and a net margin of 8.07%. Research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th were given a dividend of $0.304 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 4.38%. Equinor ASA’s payout ratio is 38.61%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQNR. TD Cowen cut their price target on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada lowered shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a report on Tuesday, April 22nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Equinor ASA in a report on Wednesday, May 7th. Berenberg Bank lowered shares of Equinor ASA from a “buy” rating to a “hold” rating and set a $26.44 price target for the company. in a report on Tuesday, May 20th. Finally, Redburn Atlantic lowered shares of Equinor ASA from a “buy” rating to a “sell” rating in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA presently has an average rating of “Hold” and a consensus target price of $22.71.

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.