Tower Research Capital LLC TRC Lowers Holdings in Equinor ASA (NYSE:EQNR)

Tower Research Capital LLC TRC cut its position in shares of Equinor ASA (NYSE:EQNR - Free Report) by 77.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,282 shares of the company's stock after selling 24,532 shares during the quarter. Tower Research Capital LLC TRC's holdings in Equinor ASA were worth $173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Folketrygdfondet grew its position in Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock worth $2,640,631,000 after buying an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Equinor ASA by 10.7% in the fourth quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock worth $98,340,000 after purchasing an additional 399,861 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Equinor ASA by 3,159.0% during the fourth quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock worth $62,764,000 after acquiring an additional 2,568,095 shares in the last quarter. Trexquant Investment LP grew its stake in shares of Equinor ASA by 975.0% in the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company's stock valued at $19,961,000 after buying an additional 764,204 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Equinor ASA by 6.6% during the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock valued at $13,207,000 after purchasing an additional 34,720 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Trading Up 1.5%

Equinor ASA stock traded up $0.35 during trading hours on Monday, reaching $23.38. 962,634 shares of the company's stock were exchanged, compared to its average volume of 3,540,684. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $29.32. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm's 50 day simple moving average is $23.84 and its 200 day simple moving average is $23.81. The firm has a market capitalization of $65.30 billion, a PE ratio of 7.54, a PEG ratio of 0.58 and a beta of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last released 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). The firm had revenue of $27.14 billion for the quarter, compared to analysts' expectations of $27.16 billion. Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders 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 5.20%. Equinor ASA's payout ratio is 38.29%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EQNR shares. Redburn Atlantic downgraded Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. Hsbc Global Res raised Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. TD Cowen decreased their price objective on Equinor ASA from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Friday, May 2nd. HSBC raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Monday, February 10th. Finally, DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Equinor ASA currently has a consensus rating of "Moderate Buy" and an average price target of $20.85.

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.