Sarasin & Partners LLP Increases Holdings in Equinor ASA (NYSE:EQNR)

Sarasin & Partners LLP boosted its holdings in Equinor ASA (NYSE:EQNR - Free Report) by 35.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 547,576 shares of the company's stock after acquiring an additional 141,949 shares during the period. Sarasin & Partners LLP's holdings in Equinor ASA were worth $13,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC increased its position in Equinor ASA by 36.4% during the first quarter. GAMMA Investing LLC now owns 2,355 shares of the company's stock worth $62,000 after acquiring an additional 629 shares during the period. Bruce G. Allen Investments LLC grew its position in Equinor ASA by 34.1% during the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company's stock worth $58,000 after buying an additional 556 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Equinor ASA by 9.7% during the 1st quarter. Farther Finance Advisors LLC now owns 6,769 shares of the company's stock worth $182,000 after acquiring an additional 596 shares during the period. SeaCrest Wealth Management LLC raised its holdings in Equinor ASA by 116.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 35,887 shares of the company's stock valued at $949,000 after acquiring an additional 19,317 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its position in shares of Equinor ASA by 29.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 53,171 shares of the company's stock valued at $1,406,000 after acquiring an additional 12,205 shares during the period. Institutional investors own 5.51% of the company's stock.

Equinor ASA Stock Performance

EQNR stock traded up $0.52 during midday trading on Tuesday, reaching $25.22. 3,280,466 shares of the company's stock traded hands, compared to its average volume of 3,598,450. The firm has a market capitalization of $70.42 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 0.58 and a beta of 0.57. The company has a 50-day moving average price of $23.38 and a two-hundred day moving average price of $23.81. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.03. 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 (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). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. The business had revenue of $27.14 billion during the quarter, compared to analysts' expectations of $27.16 billion. As a group, equities analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 16th were issued a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Friday, May 16th. Equinor ASA's dividend payout ratio is currently 46.84%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EQNR. JPMorgan Chase & Co. restated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Hsbc Global Res raised Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. HSBC upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Redburn Atlantic cut Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Kepler Capital Markets cut shares of Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.71.

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.