Choreo LLC Sells 497 Shares of Equinor ASA (NYSE:EQNR)

Choreo LLC decreased its position in shares of Equinor ASA (NYSE:EQNR) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,488 shares of the company’s stock after selling 497 shares during the period. Choreo LLC’s holdings in Equinor ASA were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after acquiring an additional 543 shares in the last quarter. Ipswich Investment Management Co. Inc. increased its position in shares of Equinor ASA by 1.2% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock valued at $2,057,000 after purchasing an additional 1,000 shares during the last quarter. Reston Wealth Management LLC bought a new position in Equinor ASA in the third quarter worth approximately $31,000. Glenmede Trust Co. NA raised its holdings in Equinor ASA by 4.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 26,707 shares of the company’s stock worth $676,000 after purchasing an additional 1,247 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of Equinor ASA in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $23.11 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. 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. The firm’s 50 day simple moving average is $23.91 and its 200-day simple moving average is $24.75. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (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%. Analysts expect that Equinor ASA will post 3.38 EPS for the current year.

Equinor ASA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 6.06%. Equinor ASA’s dividend payout ratio is presently 37.30%.

Analysts Set New Price Targets

EQNR has been the subject of several recent analyst reports. Nordea Equity Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-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 report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinor ASA presently has an average rating of “Moderate Buy” and an average price target of $29.45.

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.