Envestnet Asset Management Inc. Has $5.25 Million Holdings in Equinor ASA (NYSE:EQNR)

Envestnet Asset Management Inc. reduced its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 221,601 shares of the company's stock after selling 64,018 shares during the period. Envestnet Asset Management Inc.'s holdings in Equinor ASA were worth $5,250,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock worth $386,000 after buying an additional 487 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock worth $123,000 after buying an additional 505 shares during the period. Gallacher Capital Management LLC boosted its holdings in shares of Equinor ASA by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock worth $464,000 after buying an additional 518 shares during the period. Farther Finance Advisors LLC boosted its holdings in Equinor ASA by 10.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock valued at $146,000 after purchasing an additional 593 shares during the period. Finally, Manchester Capital Management LLC bought a new stake in Equinor ASA in the 4th quarter valued at $33,000. 5.51% of the stock is owned by institutional investors.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded up $0.24 during mid-day trading on Monday, reaching $22.90. 3,684,400 shares of the stock were exchanged, compared to its average volume of 3,488,943. The company has a market cap of $63.95 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The firm has a 50-day simple moving average of $23.85 and a 200 day simple moving average of $23.91. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share 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, sell-side analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be given a $0.304 dividend. This represents a $1.22 annualized dividend and a yield of 5.31%. The ex-dividend date is Friday, May 16th. Equinor ASA's payout ratio is presently 38.91%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Redburn Atlantic downgraded shares of Equinor ASA from a "buy" rating to a "sell" rating in a report on Wednesday, April 23rd. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. DZ Bank raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Nordea Equity Research raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $28.10.

Equinor ASA 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.