Stifel Financial Corp Sells 12,259 Shares of Equinor ASA (NYSE:EQNR)

Stifel Financial Corp trimmed its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 16.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,216 shares of the company's stock after selling 12,259 shares during the quarter. Stifel Financial Corp's holdings in Equinor ASA were worth $1,498,000 at the end of the most recent quarter.

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

Equinor ASA Price Performance

Shares of Equinor ASA stock traded up $0.22 during midday trading on Friday, hitting $23.01. 4,999,227 shares of the company were exchanged, compared to its average volume of 3,554,158. The firm has a 50 day simple moving average of $23.84 and a 200-day simple moving average of $23.82. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. The firm has a market cap of $64.26 billion, a P/E ratio of 7.40, a PEG ratio of 0.58 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $27.14 billion for 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 forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on EQNR. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Equinor ASA in a research report on Wednesday. Royal Bank of Canada lowered shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. TD Cowen cut their price objective on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Equinor ASA presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.60.

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.