IHT Wealth Management LLC Decreases Stock Position in Equinor ASA (NYSE:EQNR)

IHT Wealth Management LLC cut its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,381 shares of the company's stock after selling 11,683 shares during the period. IHT Wealth Management LLC's holdings in Equinor ASA were worth $364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Folketrygdfondet increased its position in Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after acquiring an additional 4,300,472 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 buying an additional 399,861 shares during the last quarter. Marshall Wace LLP grew its position in Equinor ASA by 3,159.0% during the fourth quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after buying an additional 2,568,095 shares during the period. Trexquant Investment LP increased its holdings in Equinor ASA by 975.0% during the fourth 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 during the last quarter. Finally, J. Safra Sarasin Holding AG raised its position in Equinor ASA by 3.5% in the fourth 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. 5.51% of the stock is owned by institutional investors.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded up $0.83 during trading on Friday, reaching $23.15. 3,267,878 shares of the stock traded hands, compared to its average volume of 3,515,260. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The business has a fifty day simple moving average of $23.81 and a two-hundred day simple moving average of $23.87. The company has a market capitalization of $64.66 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.58 and a beta of 0.58.

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

Equinor ASA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a $0.304 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.25%. Equinor ASA's payout ratio is currently 38.91%.

Analyst Ratings Changes

A number of brokerages recently commented on EQNR. Royal Bank of Canada cut Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. DZ Bank raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Redburn Atlantic downgraded Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Finally, Danske raised shares of 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, two have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.60.

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.