Bank of New York Mellon Corp Has $621,000 Stake in Equinor ASA (NYSE:EQNR)

Bank of New York Mellon Corp reduced its position in Equinor ASA (NYSE:EQNR) by 59.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,233 shares of the company’s stock after selling 38,930 shares during the period. Bank of New York Mellon Corp’s holdings in Equinor ASA were worth $621,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Manchester Capital Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at $33,000. Synergy Asset Management LLC bought a new stake in shares of Equinor ASA during the fourth quarter worth about $36,000. R Squared Ltd acquired a new stake in shares of Equinor ASA in the 4th quarter worth about $48,000. Brooklyn Investment Group bought a new position in Equinor ASA in the 4th quarter valued at about $61,000. Finally, Union Bancaire Privee UBP SA acquired a new position in Equinor ASA during the 4th quarter valued at about $115,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $25.97 on Thursday. The company has a market capitalization of $72.51 billion, a P/E ratio of 8.35, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company’s 50-day moving average is $23.91 and its 200 day moving average is $24.17. 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 announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. On average, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.39%. Equinor ASA’s payout ratio is 37.30%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. Royal Bank of Canada reissued a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equinor ASA presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.10.

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.