Advisors Asset Management Inc. Sells 6,696 Shares of Equinor ASA $EQNR

Advisors Asset Management Inc. decreased its holdings in shares of Equinor ASA (NYSE:EQNR) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,950 shares of the company’s stock after selling 6,696 shares during the period. Advisors Asset Management Inc.’s holdings in Equinor ASA were worth $2,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in Equinor ASA in the 1st quarter worth about $57,000. MAI Capital Management grew its holdings in shares of Equinor ASA by 55.6% during the second quarter. MAI Capital Management now owns 2,339 shares of the company’s stock worth $59,000 after purchasing an additional 836 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Equinor ASA by 7,586.7% during the first quarter. Assetmark Inc. now owns 2,306 shares of the company’s stock worth $61,000 after purchasing an additional 2,276 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of Equinor ASA by 30.4% in the second quarter. Cromwell Holdings LLC now owns 2,743 shares of the company’s stock worth $69,000 after purchasing an additional 639 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in Equinor ASA in the first quarter valued at approximately $74,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EQNR has been the subject of several research analyst reports. Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Friday, October 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Equinor ASA in a research report on Tuesday. Morgan Stanley lowered shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, September 3rd. DZ Bank cut Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $22.71.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $22.94 on Friday. The company has a market capitalization of $67.55 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The company’s 50-day moving average is $24.02 and its 200 day moving average is $24.68.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.20). The company had revenue of $26.06 billion for the quarter, compared to analysts’ expectations of $23.26 billion. Equinor ASA had a net margin of 5.27% and a return on equity of 14.11%. Sell-side analysts expect that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were issued a $0.37 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.48 dividend on an annualized basis and a yield of 6.5%. This is an increase from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s payout ratio is presently 57.35%.

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.