Blue Trust Inc. Has $206,000 Stock Position in Equinor ASA (NYSE:EQNR)

Blue Trust Inc. cut its holdings in shares of Equinor ASA (NYSE:EQNR) by 71.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,676 shares of the company’s stock after selling 22,150 shares during the quarter. Blue Trust Inc.’s holdings in Equinor ASA were worth $206,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Reston Wealth Management LLC acquired a new position in shares of Equinor ASA during the 3rd quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $36,000. R Squared Ltd acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $48,000. Brooklyn Investment Group acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $61,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $115,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

NYSE:EQNR opened at $23.06 on Thursday. The stock has a fifty day moving average price of $23.87 and a 200-day moving average price of $24.68. The company has a market cap of $64.39 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. As a group, equities analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.07%. Equinor ASA’s dividend payout ratio (DPR) is currently 37.62%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.45.

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.