Equinor ASA (NYSE:EQNR) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC decreased its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,613 shares of the company's stock after selling 150,233 shares during the quarter. Cambiar Investors LLC's holdings in Equinor ASA were worth $16,409,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Princeton Global Asset Management LLC acquired a new position in shares of Equinor ASA in the fourth quarter valued at approximately $43,000. SRS Capital Advisors Inc. increased its stake in shares of Equinor ASA by 558.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company's stock valued at $44,000 after buying an additional 1,129 shares during the period. Samalin Investment Counsel LLC acquired a new position in shares of Equinor ASA in the first quarter valued at approximately $50,000. Planned Solutions Inc. acquired a new position in shares of Equinor ASA in the fourth quarter valued at approximately $59,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Equinor ASA in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Stock Up 0.8 %

NYSE EQNR traded up $0.22 on Friday, hitting $28.14. 1,578,568 shares of the company were exchanged, compared to its average volume of 3,089,249. The company has a current ratio of 1.71, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The company has a market cap of $87.85 billion, a PE ratio of 7.20 and a beta of 0.85. The stock has a fifty day moving average of $26.51 and a 200-day moving average of $29.97. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.44). The company had revenue of $29.05 billion for the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. As a group, analysts forecast that Equinor ASA will post 3.15 earnings per share for the current year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.26%. Equinor ASA's payout ratio is currently 25.06%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank of Canada downgraded Equinor ASA from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, December 19th. TD Cowen started coverage on shares of Equinor ASA in a research report on Wednesday, January 10th. They set a "market perform" rating and a $28.00 target price for the company. DZ Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. Morgan Stanley raised shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $26.40 to $28.50 in a research report on Tuesday, February 20th. Finally, StockNews.com raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $28.25.

Equinor ASA Company 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.