Mount Yale Investment Advisors LLC Sells 9,431 Shares of Equinor ASA (NYSE:EQNR)

Mount Yale Investment Advisors LLC decreased its position in shares of Equinor ASA (NYSE:EQNR) by 47.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,318 shares of the company’s stock after selling 9,431 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Equinor ASA were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQNR. Bank of Montreal Can raised its stake in shares of Equinor ASA by 7.4% during the second quarter. Bank of Montreal Can now owns 136,581 shares of the company’s stock valued at $3,903,000 after acquiring an additional 9,406 shares during the last quarter. Creative Planning increased its holdings in Equinor ASA by 39.1% in the second quarter. Creative Planning now owns 54,888 shares of the company’s stock valued at $1,568,000 after purchasing an additional 15,419 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Equinor ASA by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after purchasing an additional 440 shares during the period. Truist Financial Corp raised its position in Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock worth $397,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Equinor ASA by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock worth $1,991,000 after buying an additional 24,052 shares during the period. Institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EQNR. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $25.80 to $30.90 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Stock Up 1.4 %

Shares of NYSE:EQNR opened at $23.91 on Thursday. The company has a market capitalization of $66.76 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.49. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business has a fifty day moving average price of $24.03 and a two-hundred day moving average price of $24.98.

Equinor ASA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.35 dividend. 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 5.86%. Equinor ASA’s dividend payout ratio (DPR) is presently 34.97%.

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.