Equinor ASA (NYSE:EQNR) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lessened its holdings in shares of Equinor ASA (NYSE:EQNR) by 25.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 420,512 shares of the company’s stock after selling 144,890 shares during the quarter. Cambiar Investors LLC’s holdings in Equinor ASA were worth $9,962,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Equinor ASA during the third quarter worth approximately $1,933,000. Cetera Investment Advisers boosted its holdings in shares of Equinor ASA by 52.7% in the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after acquiring an additional 24,052 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Equinor ASA in the third quarter valued at approximately $2,509,000. Truist Financial Corp boosted its holdings in shares of Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Equinor ASA by 52.1% during the third quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock worth $2,183,000 after purchasing an additional 29,516 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EQNR shares. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA presently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Up 4.2 %

EQNR opened at $24.53 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a market capitalization of $68.52 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. The business has a 50-day moving average of $23.93 and a two-hundred day moving average of $24.81. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, research analysts expect that Equinor ASA will post 3.38 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio (DPR) is 37.62%.

About Equinor ASA

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.