Equinor ASA (NYSE:EQNR) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in shares of Equinor ASA (NYSE:EQNR) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,573 shares of the company’s stock after selling 8,639 shares during the period. Dimensional Fund Advisors LP’s holdings in Equinor ASA were worth $2,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQNR. Milestone Asset Management LLC purchased a new position in shares of Equinor ASA in the 2nd quarter valued at about $794,000. US Bancorp DE increased its position in shares of Equinor ASA by 228.5% in the 1st quarter. US Bancorp DE now owns 161,639 shares of the company’s stock valued at $4,369,000 after purchasing an additional 112,438 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Equinor ASA by 90.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock valued at $1,205,000 after purchasing an additional 21,130 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Equinor ASA during the 1st quarter worth $670,000. Finally, Empowered Funds LLC acquired a new position in shares of Equinor ASA during the first quarter worth $1,492,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays raised Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. Finally, Morgan Stanley downgraded Equinor ASA from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $30.50 to $25.80 in a report on Thursday, August 29th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Equinor ASA presently has an average rating of “Hold” and an average price target of $26.90.

Equinor ASA Stock Up 2.2 %

Equinor ASA stock opened at $25.42 on Friday. The firm has a market capitalization of $74.86 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 3.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.53. Equinor ASA has a fifty-two week low of $24.02 and a fifty-two week high of $34.73. The stock’s fifty day moving average is $26.09 and its two-hundred day moving average is $27.11.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. The company had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. Analysts predict that Equinor ASA will post 3.3 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were given a dividend of $0.35 per share. This represents a yield of 4.1%. The ex-dividend date was Monday, August 19th. Equinor ASA’s dividend payout ratio is presently 43.34%.

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.