Callan Family Office LLC Sells 11,136 Shares of Equinor ASA $EQNR

Key Points

• Callan Family Office LLC reduced its stake in Equinor ASA by 54.3% in Q1, holding 9,355 shares worth $247,000 after selling 11,136 shares.
• Equinor ASA recently experienced a downgrade from several analysts, with a majority now rating the stock as a hold or sell, and an average target price of $22.71.
• The company announced a dividend of $0.304 per share, payable on August 29th, indicating a dividend yield of 496.0%.

Callan Family Office LLC trimmed its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 54.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,355 shares of the company's stock after selling 11,136 shares during the quarter. Callan Family Office LLC's holdings in Equinor ASA were worth $247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Marshall Wace LLP raised its stake in shares of Equinor ASA by 3,159.0% in 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 during the last quarter. Voloridge Investment Management LLC boosted its holdings in Equinor ASA by 958.7% in the fourth quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock valued at $34,292,000 after acquiring an additional 1,310,812 shares during the last quarter. Citigroup Inc. increased its position in Equinor ASA by 8,986.2% in the first quarter. Citigroup Inc. now owns 1,260,071 shares of the company's stock worth $33,329,000 after purchasing an additional 1,246,203 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Equinor ASA by 771.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock worth $24,061,000 after purchasing an additional 899,157 shares during the last quarter. Finally, SIR Capital Management L.P. bought a new stake in Equinor ASA during the 4th quarter worth about $10,786,000. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Stock Performance

EQNR stock traded down $0.1340 during trading hours on Tuesday, hitting $23.9160. 1,305,731 shares of the stock were exchanged, compared to its average volume of 4,145,557. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $28.26. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $70.43 billion, a P/E ratio of 7.94, a P/E/G ratio of 0.84 and a beta of 0.59. The company has a 50-day simple moving average of $25.79 and a two-hundred day simple moving average of $24.45.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The business had revenue of $25.12 billion during the quarter, compared to analyst estimates of $23.88 billion. On average, analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 20th will be paid a $0.304 dividend. This represents a yield of 496.0%. The ex-dividend date of this dividend is Tuesday, August 19th. Equinor ASA's payout ratio is 40.53%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EQNR. Hsbc Global Res cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. downgraded shares of Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday, August 12th. Berenberg Bank lowered Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price target on the stock. in a report on Tuesday, May 20th. TD Cowen decreased their target price on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada lowered Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of "Reduce" and a consensus price target of $22.71.

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.