Two Sigma Investments LP Has $8.39 Million Stock Position in Equinor ASA (NYSE:EQNR)

Two Sigma Investments LP lessened its position in Equinor ASA (NYSE:EQNR - Free Report) by 72.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 354,265 shares of the company's stock after selling 954,674 shares during the quarter. Two Sigma Investments LP's holdings in Equinor ASA were worth $8,393,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Folketrygdfondet raised its holdings in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. Marshall Wace LLP grew its position in Equinor ASA by 3,159.0% in the fourth quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after purchasing an additional 2,568,095 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Equinor ASA by 771.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock valued at $24,061,000 after buying an additional 899,157 shares during the last quarter. Trexquant Investment LP increased its stake in 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 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 own 5.51% of the company's stock.

Equinor ASA Stock Performance

EQNR traded down $0.10 on Thursday, reaching $23.95. The company had a trading volume of 1,701,154 shares, compared to its average volume of 4,228,369. The stock has a market cap of $66.87 billion, a P/E ratio of 7.70, 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 quick ratio of 1.36 and a current ratio of 1.48. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32. The company's fifty day moving average is $23.71 and its 200 day moving average is $23.79.

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

Equinor ASA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th were given a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Friday, May 16th. Equinor ASA's payout ratio is 46.84%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQNR. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Morgan Stanley downgraded Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price target for the company. in a research note on Monday, May 12th. Kepler Capital Markets cut Equinor ASA from a "hold" rating to a "reduce" rating in a research note on Tuesday, May 20th. Barclays downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Berenberg Bank cut shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price for the company. in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equinor ASA presently has an average rating of "Hold" and an average target price 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.