Harvest Portfolios Group Inc. Sells 11,651 Shares of Equinor ASA $EQNR

Harvest Portfolios Group Inc. lessened its holdings in Equinor ASA (NYSE:EQNR) by 15.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,944 shares of the company’s stock after selling 11,651 shares during the period. Harvest Portfolios Group Inc.’s holdings in Equinor ASA were worth $1,608,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. bought a new position in Equinor ASA in the 2nd quarter worth about $485,000. Freestone Capital Holdings LLC grew its holdings in shares of Equinor ASA by 24.1% during the second quarter. Freestone Capital Holdings LLC now owns 39,285 shares of the company’s stock worth $988,000 after purchasing an additional 7,630 shares in the last quarter. Bank of Montreal Can increased its position in shares of Equinor ASA by 26.6% in the second quarter. Bank of Montreal Can now owns 136,904 shares of the company’s stock worth $3,442,000 after purchasing an additional 28,795 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Equinor ASA by 1,043.5% in the second quarter. Hantz Financial Services Inc. now owns 18,364 shares of the company’s stock worth $462,000 after purchasing an additional 16,758 shares during the last quarter. Finally, Logan Capital Management Inc. raised its stake in Equinor ASA by 11.3% in the second quarter. Logan Capital Management Inc. now owns 164,576 shares of the company’s stock valued at $4,137,000 after purchasing an additional 16,727 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

EQNR stock opened at $24.35 on Friday. The firm has a market cap of $71.69 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.87 and a beta of 0.48. The firm’s fifty day moving average is $24.26 and its 200 day moving average is $24.62. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.20). Equinor ASA had a net margin of 5.27% and a return on equity of 14.11%. The business had revenue of $26.06 billion for the quarter, compared to analysts’ expectations of $23.26 billion. Research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, November 14th. This represents a $1.48 annualized dividend and a yield of 6.1%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s dividend payout ratio (DPR) is currently 57.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EQNR shares. Sanford C. Bernstein cut shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Friday, October 17th. DZ Bank downgraded shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 8th. Hsbc Global Res lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 24th. Morgan Stanley downgraded Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. Finally, Pareto Securities lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and nine have given a Sell rating to the stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Reduce” and an average price target of $22.71.

Equinor ASA Company 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.