Equinor ASA $EQNR Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Equinor ASA (NYSE:EQNR) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,186,498 shares of the company’s stock after selling 13,365 shares during the period. Sei Investments Co.’s holdings in Equinor ASA were worth $50,070,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lido Advisors LLC acquired a new position in Equinor ASA in the first quarter worth about $239,000. Cetera Investment Advisers raised its stake in Equinor ASA by 2.8% during the first quarter. Cetera Investment Advisers now owns 98,575 shares of the company’s stock valued at $4,160,000 after buying an additional 2,643 shares in the last quarter. First Trust Advisors LP raised its stake in Equinor ASA by 23.4% during the first quarter. First Trust Advisors LP now owns 16,121 shares of the company’s stock valued at $680,000 after buying an additional 3,061 shares in the last quarter. DJE Kapital AG bought a new position in Equinor ASA during the 1st quarter worth approximately $2,913,000. Finally, Cura Wealth Advisors LLC bought a new position in Equinor ASA during the 1st quarter worth approximately $300,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Down 1.5%

NYSE:EQNR opened at $40.38 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $35.69 and a 200-day moving average of $33.96. The firm has a market capitalization of $118.91 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 2.58 and a beta of 0.06. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The company had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. Analysts predict that Equinor ASA will post 4.85 EPS for the current year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s payout ratio is 34.88%.

Wall Street Analysts Forecast Growth

EQNR has been the subject of a number of research analyst reports. Zacks Research downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday. TD Cowen increased their target price on shares of Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday. Finally, Rothschild & Co Redburn upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.20.

Key Equinor ASA News

Here are the key news stories impacting Equinor ASA this week:

• Positive Sentiment: Wall Street Zen raised Equinor ASA (NYSE: EQNR) to Buy, which could support sentiment if investors see more upside from current levels. Equinor ASA (NYSE:EQNR) Raised to Buy at Wall Street Zen
• Positive Sentiment: Royal Bank of Canada upgraded Equinor ASA (NYSE: EQNR) to Sector Perform, a modestly better stance than a lower-rated view and a sign that some analysts see the shares as reasonably valued. Equinor ASA (NYSE:EQNR) Raised to Sector Perform at Royal Bank Of Canada
• Positive Sentiment: TD Cowen raised its price target on Equinor ASA (NYSE: EQNR) from $37 to $38, suggesting some analysts still expect the stock to hold near its current range even after recent volatility. EQNR Q2 Earnings Miss Estimates, Revenues Rise Y/Y on Higher Output

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.