Equinor ASA (NYSE:EQNR) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in Equinor ASA (NYSE:EQNR - Free Report) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,600 shares of the company's stock after selling 109,300 shares during the quarter. Two Sigma Advisers LP's holdings in Equinor ASA were worth $4,421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA in the 4th quarter valued at approximately $33,000. GeoWealth Management LLC lifted its holdings in Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after acquiring an additional 985 shares during the last quarter. Synergy Asset Management LLC purchased a new position in Equinor ASA in the fourth quarter worth approximately $36,000. R Squared Ltd acquired a new stake in Equinor ASA during the fourth quarter worth $48,000. Finally, Bessemer Group Inc. raised its position in Equinor ASA by 1,009.8% in the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock valued at $60,000 after purchasing an additional 2,272 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQNR has been the subject of a number of research analyst reports. Morgan Stanley cut Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price target for the company. in a report on Monday, May 12th. Redburn Atlantic lowered shares of Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Nordea Equity Research upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Four 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 company's stock. According to MarketBeat.com, Equinor ASA currently has a consensus rating of "Hold" and an average target price of $22.71.

Equinor ASA Stock Down 2.2%

EQNR stock traded down $0.52 during midday trading on Friday, hitting $23.41. The company's stock had a trading volume of 2,824,674 shares, compared to its average volume of 3,590,223. The firm has a 50-day simple moving average of $23.67 and a 200-day simple moving average of $23.80. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $29.32. The firm has a market capitalization of $65.38 billion, a P/E 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 earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts forecast that Equinor ASA will post 3.46 EPS for the current 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 $0.304 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Friday, May 16th. Equinor ASA's dividend payout ratio is presently 46.84%.

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.