Equinor ASA (NYSE:EQNR) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of Equinor ASA (NYSE:EQNR - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,216 shares of the company's stock after selling 12,259 shares during the period. Stifel Financial Corp's holdings in Equinor ASA were worth $1,498,000 as of its most recent filing with the Securities & Exchange Commission.

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

Equinor ASA Stock Up 1.5%

EQNR traded up $0.35 during trading hours on Monday, reaching $23.38. 962,634 shares of the stock traded hands, compared to its average volume of 3,540,684. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32. The company has a market cap of $65.30 billion, a price-to-earnings ratio of 7.54, 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. The firm's fifty day simple moving average is $23.84 and its two-hundred day simple moving average is $23.81.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its 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). The business had revenue of $27.14 billion for the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business 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 $0.304 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 annualized dividend and a yield of 5.20%. Equinor ASA's dividend payout ratio is presently 38.29%.

Analyst Upgrades and Downgrades

EQNR has been the subject of several recent research reports. DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. TD Cowen dropped their price target on Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Hsbc Global Res raised Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. Royal Bank of Canada cut shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, April 22nd. Finally, StockNews.com downgraded shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.85.

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.