Yousif Capital Management LLC Reduces Holdings in Equinor ASA (NYSE:EQNR)

Yousif Capital Management LLC trimmed its stake in Equinor ASA (NYSE:EQNR) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,672 shares of the company’s stock after selling 787 shares during the period. Yousif Capital Management LLC’s holdings in Equinor ASA were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EQNR. Wellington Management Group LLP lifted its position in Equinor ASA by 3.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after acquiring an additional 132,157 shares during the period. Fisher Asset Management LLC lifted its position in 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 acquiring an additional 16,303 shares during the period. Mediolanum International Funds Ltd purchased a new position in Equinor ASA during the 3rd quarter valued at about $6,203,000. Bank of Montreal Can raised its holdings in Equinor ASA by 17.0% in the third quarter. Bank of Montreal Can now owns 159,794 shares of the company’s stock worth $3,993,000 after buying an additional 23,213 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of Equinor ASA by 60.1% in the fourth quarter. Ritholtz Wealth Management now owns 157,810 shares of the company’s stock worth $3,739,000 after buying an additional 59,254 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Down 1.3 %

EQNR opened at $23.11 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $23.92 and a 200-day moving average price of $24.77. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The stock has a market capitalization of $64.53 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 1.27 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Equities research analysts forecast that Equinor ASA will post 3.38 earnings per share for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 6.06%. Equinor ASA’s dividend payout ratio is currently 37.62%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EQNR. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.45.

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.