Banco de Sabadell S.A Decreases Stock Holdings in Equinor ASA (NYSE:EQNR)

Banco de Sabadell S.A lowered its stake in shares of Equinor ASA (NYSE:EQNR) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,231 shares of the company’s stock after selling 1,023 shares during the period. Banco de Sabadell S.A’s holdings in Equinor ASA were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Caprock Group LLC purchased a new position in shares of Equinor ASA in the 3rd quarter worth $432,000. Advisors Asset Management Inc. boosted its position in Equinor ASA by 13.8% in the third quarter. Advisors Asset Management Inc. now owns 108,347 shares of the company’s stock worth $2,744,000 after purchasing an additional 13,179 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Equinor ASA by 28.7% during the 3rd quarter. Cerity Partners LLC now owns 26,009 shares of the company’s stock valued at $659,000 after purchasing an additional 5,804 shares during the period. Fisher Asset Management LLC increased its position in shares of Equinor ASA by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock valued at $13,242,000 after purchasing an additional 16,303 shares during the last quarter. Finally, DRW Securities LLC lifted its stake in shares of Equinor ASA by 23.2% in the 3rd quarter. DRW Securities LLC now owns 64,779 shares of the company’s stock worth $1,641,000 after purchasing an additional 12,198 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EQNR shares. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Morgan Stanley cut 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 report on Monday, March 17th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA currently has an average rating of “Moderate Buy” and a consensus target price of $28.10.

Equinor ASA Stock Up 1.4 %

NYSE EQNR opened at $25.69 on Friday. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The stock has a market cap of $71.73 billion, a PE ratio of 8.26, a P/E/G ratio of 0.58 and a beta of 0.79. The stock’s 50 day moving average is $23.90 and its 200 day moving average is $24.16.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Research analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.45%. Equinor ASA’s dividend payout ratio (DPR) is 37.30%.

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.