Mercer Global Advisors Inc. ADV Has $1.03 Million Stake in Equinor ASA (NYSE:EQNR)

Mercer Global Advisors Inc. ADV reduced its position in Equinor ASA (NYSE:EQNR - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,314 shares of the company's stock after selling 18,290 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Equinor ASA were worth $1,026,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EQNR. JPMorgan Chase & Co. lifted its holdings in shares of Equinor ASA by 11.2% in the third quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company's stock valued at $2,388,000 after purchasing an additional 9,512 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Equinor ASA during the 4th quarter valued at $317,000. Ritholtz Wealth Management boosted its holdings in Equinor ASA by 60.1% during the 4th quarter. Ritholtz Wealth Management now owns 157,810 shares of the company's stock worth $3,739,000 after acquiring an additional 59,254 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Equinor ASA in the 4th quarter worth $61,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Equinor ASA in the fourth quarter valued at about $245,000. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Stock Up 1.0 %

Shares of NYSE EQNR opened at $23.01 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a market cap of $64.26 billion, a P/E ratio of 7.40, a P/E/G ratio of 0.58 and a beta of 0.58. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. The business has a 50-day simple moving average of $23.84 and a two-hundred day simple moving average of $23.82.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 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 net margin of 8.49% and a return on equity of 20.33%. Research analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be issued a $0.304 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 5.28%. Equinor ASA's payout ratio is currently 38.29%.

Analyst Upgrades and Downgrades

Several research firms have commented on EQNR. Morgan Stanley decreased their price objective on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a research note on Monday, March 17th. Redburn Atlantic cut Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Finally, Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Equinor ASA presently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

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.

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