Northwestern Mutual Wealth Management Co. decreased its position in Equinor ASA (NYSE:EQNR) by 30.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,446 shares of the company’s stock after selling 1,078 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Equinor ASA were worth $49,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Parametric Portfolio Associates LLC boosted its stake in Equinor ASA by 29.5% in the third quarter. Parametric Portfolio Associates LLC now owns 1,410,249 shares of the company’s stock valued at $26,724,000 after acquiring an additional 321,521 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Equinor ASA by 145.4% in the third quarter. Point72 Asset Management L.P. now owns 2,300,781 shares of the company’s stock valued at $43,600,000 after purchasing an additional 1,363,345 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Equinor ASA in the third quarter valued at approximately $249,000. Millennium Management LLC grew its position in shares of Equinor ASA by 138.8% in the third quarter. Millennium Management LLC now owns 139,760 shares of the company’s stock valued at $2,648,000 after purchasing an additional 499,960 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its position in shares of Equinor ASA by 1.4% in the third quarter. Princeton Global Asset Management LLC now owns 61,475 shares of the company’s stock valued at $1,165,000 after purchasing an additional 820 shares during the last quarter. 6.18% of the stock is currently owned by institutional investors.
EQNR has been the topic of a number of analyst reports. Citigroup upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, March 12th. ValuEngine raised shares of Equinor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Sanford C. Bernstein downgraded shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Monday, March 9th. Zacks Investment Research downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, TheStreet downgraded shares of Equinor ASA from a “b-” rating to a “c+” rating in a research note on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.
Shares of EQNR stock traded up $0.05 during mid-day trading on Thursday, reaching $11.67. The company’s stock had a trading volume of 430,565 shares, compared to its average volume of 6,755,943. Equinor ASA has a 12-month low of $8.41 and a 12-month high of $23.97. The firm has a market capitalization of $34.69 billion, a PE ratio of 21.31 and a beta of 1.02. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.61. The company’s 50 day simple moving average is $14.56 and its 200-day simple moving average is $18.06.
Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Equinor ASA had a net margin of 2.88% and a return on equity of 11.43%. The firm had revenue of $15.17 billion for the quarter. As a group, research analysts anticipate that Equinor ASA will post 0.42 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 8.91%. The ex-dividend date was Tuesday, February 18th. Equinor ASA’s dividend payout ratio is currently 51.35%.
About Equinor ASA
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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