Tidal Investments LLC Sells 6,085 Shares of Equinor ASA (NYSE:EQNR)

Tidal Investments LLC lessened its holdings in Equinor ASA (NYSE:EQNR) by 9.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,882 shares of the company’s stock after selling 6,085 shares during the period. Tidal Investments LLC’s holdings in Equinor ASA were worth $1,371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EQNR. Charles Schwab Investment Management Inc. lifted its holdings in Equinor ASA by 62.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock worth $1,486,000 after buying an additional 24,090 shares during the period. Raymond James Financial Inc. bought a new position in shares of Equinor ASA in the 4th quarter worth $909,000. ABC Arbitrage SA purchased a new stake in shares of Equinor ASA during the 4th quarter worth $9,043,000. Folketrygdfondet lifted its stake in shares of Equinor ASA by 4.0% during the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company’s stock worth $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. Finally, Drum Hill Capital LLC bought a new stake in Equinor ASA during the fourth quarter valued at about $4,023,000. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQNR has been the subject of a number of recent research reports. Redburn Atlantic downgraded shares of Equinor ASA from a “buy” rating to a “sell” rating in a report on Wednesday, April 23rd. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Royal Bank of Canada downgraded shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, April 22nd. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Equinor ASA in a report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $22.71.

Equinor ASA Stock Up 1.4%

EQNR stock opened at $23.82 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The firm’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $23.77. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $29.32. The company has a market capitalization of $66.53 billion, a P/E ratio of 7.66, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.17). The business had revenue of $27.14 billion during the quarter, compared to analysts’ expectations of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be issued a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is 46.84%.

Equinor ASA 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.