Mather Group LLC. reduced its position in shares of Equinor ASA (NYSE:EQNR – Free Report) by 31.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,358 shares of the company’s stock after selling 7,678 shares during the period. Mather Group LLC.’s holdings in Equinor ASA were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in EQNR. Price T Rowe Associates Inc. MD raised its holdings in Equinor ASA by 2,359.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after acquiring an additional 6,507,511 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Equinor ASA by 9.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock valued at $108,596,000 after purchasing an additional 285,662 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Equinor ASA in the 2nd quarter valued at $5,271,000. Earnest Partners LLC increased its stake in shares of Equinor ASA by 4.5% in the 1st quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock valued at $104,485,000 after purchasing an additional 166,131 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Equinor ASA by 1,334.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock valued at $5,055,000 after purchasing an additional 164,658 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.
Equinor ASA Trading Up 2.2 %
NYSE:EQNR opened at $25.42 on Friday. The company has a market cap of $74.86 billion, a P/E ratio of 7.87, a P/E/G ratio of 3.74 and a beta of 0.83. The stock’s fifty day moving average price is $26.09 and its two-hundred day moving average price is $27.11. Equinor ASA has a 1 year low of $24.02 and a 1 year high of $34.73. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.43.
Equinor ASA Cuts Dividend
The firm also recently disclosed a — dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were given a $0.35 dividend. The ex-dividend date was Monday, August 19th. This represents a dividend yield of 4.1%. Equinor ASA’s dividend payout ratio (DPR) is presently 43.34%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on EQNR shares. Morgan Stanley lowered Equinor ASA from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $30.50 to $25.80 in a research note on Thursday, August 29th. TD Cowen reduced their price objective on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Barclays upgraded Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.90.
View Our Latest Stock Report on EQNR
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.
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