US Bancorp DE Has $1.33 Million Stock Position in Equinor ASA (NYSE:EQNR)

US Bancorp DE decreased its position in Equinor ASA (NYSE:EQNR) by 47.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,289 shares of the company’s stock after selling 50,819 shares during the period. US Bancorp DE’s holdings in Equinor ASA were worth $1,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in shares of Equinor ASA in the 4th quarter valued at $33,000. Synergy Asset Management LLC acquired a new stake in Equinor ASA in the 4th quarter valued at approximately $36,000. R Squared Ltd acquired a new stake in Equinor ASA in the 4th quarter valued at approximately $48,000. Brooklyn Investment Group acquired a new stake in Equinor ASA in the 4th quarter valued at approximately $61,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in Equinor ASA in the 4th quarter valued at approximately $115,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. One research 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. Based on data from MarketBeat, Equinor ASA presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Performance

EQNR opened at $23.18 on Friday. The business has a fifty day simple moving average of $23.93 and a 200 day simple moving average of $24.32. The company has a market capitalization of $64.72 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36.

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

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 6.04%. Equinor ASA’s dividend payout ratio is presently 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.