Guardian Capital LP Cuts Position in Equinor ASA (NYSE:EQNR)

Guardian Capital LP lessened its holdings in Equinor ASA (NYSE:EQNRGet Rating) by 23.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,628 shares of the company’s stock after selling 18,186 shares during the quarter. Guardian Capital LP’s holdings in Equinor ASA were worth $2,107,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQNR. Folketrygdfondet lifted its stake in shares of Equinor ASA by 2,429.4% in the second quarter. Folketrygdfondet now owns 112,499,219 shares of the company’s stock worth $3,910,473,000 after buying an additional 108,051,631 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Equinor ASA by 42.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company’s stock worth $382,086,000 after buying an additional 3,052,907 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Equinor ASA by 33.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,541,344 shares of the company’s stock worth $95,325,000 after buying an additional 635,582 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Equinor ASA by 18.1% in the first quarter. Van ECK Associates Corp now owns 2,406,470 shares of the company’s stock worth $90,267,000 after buying an additional 368,230 shares in the last quarter. Finally, Todd Asset Management LLC lifted its stake in shares of Equinor ASA by 5.4% in the second quarter. Todd Asset Management LLC now owns 2,239,062 shares of the company’s stock worth $77,829,000 after buying an additional 115,173 shares in the last quarter. Hedge funds and other institutional investors own 5.41% of the company’s stock.

Equinor ASA Stock Performance

EQNR stock traded up $0.49 during midday trading on Thursday, reaching $35.98. 3,445,133 shares of the company’s stock traded hands, compared to its average volume of 3,130,748. The stock’s 50-day moving average is $34.98 and its 200 day moving average is $35.63. The company has a current ratio of 1.66, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60. The stock has a market cap of $116.80 billion, a P/E ratio of 4.75 and a beta of 1.02. Equinor ASA has a 52-week low of $24.17 and a 52-week high of $42.53.

Equinor ASA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.20. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.78%. Equinor ASA’s dividend payout ratio is 8.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Equinor ASA from 354.00 to 376.00 and gave the company a “hold” rating in a research report on Monday, October 31st. DNB Markets downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 19th. Societe Generale increased their price objective on shares of Equinor ASA from 345.00 to 360.00 in a research report on Tuesday, November 1st. Finally, Morgan Stanley increased their price objective on shares of Equinor ASA from 304.00 to 342.00 in a research report on Tuesday, November 8th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Equinor ASA has a consensus rating of “Hold” and a consensus target price of $288.45.

About Equinor ASA

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Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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