Aquatic Capital Management LLC Cuts Holdings in Equinor ASA (NYSE:EQNR)

Aquatic Capital Management LLC lessened its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 70.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,231 shares of the company's stock after selling 159,069 shares during the quarter. Aquatic Capital Management LLC's holdings in Equinor ASA were worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Virtus ETF Advisers LLC grew its holdings in Equinor ASA by 20.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 7,114 shares of the company's stock valued at $169,000 after purchasing an additional 1,184 shares during the period. J. Safra Sarasin Holding AG grew its stake in shares of Equinor ASA by 3.5% during the 4th quarter. J. Safra Sarasin Holding AG now owns 667,004 shares of the company's stock worth $15,801,000 after acquiring an additional 22,838 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Equinor ASA by 13.0% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 144,410 shares of the company's stock worth $3,421,000 after acquiring an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Equinor ASA by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 83,142 shares of the company's stock valued at $1,970,000 after acquiring an additional 5,315 shares during the period. Finally, First Trust Advisors LP bought a new stake in Equinor ASA in the 4th quarter valued at about $444,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EQNR has been the subject of several recent research reports. StockNews.com downgraded shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. TD Cowen reduced their price objective on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Friday. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Redburn Atlantic cut Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Finally, HSBC raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of "Moderate Buy" and an average target price of $23.60.

Equinor ASA Price Performance

NYSE EQNR traded up $0.97 on Friday, reaching $23.29. 8,040,150 shares of the company's stock traded hands, compared to its average volume of 3,532,778. The stock has a market cap of $65.04 billion, a PE ratio of 7.49, a P/E/G ratio of 0.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $29.32. The stock has a 50-day simple moving average of $23.82 and a 200 day simple moving average of $23.86.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. The firm had revenue of $27.14 billion for the quarter, compared to analysts' expectations of $27.16 billion. As a group, research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be given a dividend of $0.304 per share. The ex-dividend date is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a yield of 5.22%. Equinor ASA's dividend payout ratio (DPR) is currently 38.29%.

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.