Renaissance Technologies LLC lowered its position in shares of Equinor ASA (NYSE:EQNR) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,604,523 shares of the company’s stock after selling 608,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Equinor ASA were worth $242,648,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Folketrygdfondet raised its holdings in shares of Equinor ASA by 1.8% during the third quarter. Folketrygdfondet now owns 117,224,102 shares of the company’s stock valued at $3,305,720,000 after acquiring an additional 2,037,306 shares during the last quarter. FMR LLC raised its holdings in shares of Equinor ASA by 97.8% during the third quarter. FMR LLC now owns 12,473,728 shares of the company’s stock valued at $351,760,000 after acquiring an additional 6,167,423 shares during the last quarter. Earnest Partners LLC acquired a new position in shares of Equinor ASA during the second quarter valued at approximately $154,133,000. Bank of America Corp DE acquired a new position in shares of Equinor ASA during the second quarter valued at approximately $56,964,000. Finally, Sei Investments Co. raised its holdings in shares of Equinor ASA by 97.8% during the third quarter. Sei Investments Co. now owns 2,112,496 shares of the company’s stock valued at $59,539,000 after acquiring an additional 1,044,232 shares during the last quarter. 5.41% of the stock is owned by institutional investors and hedge funds.
EQNR stock opened at $23.95 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.36 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $79.72 billion, a PE ratio of 17.36, a P/E/G ratio of 0.51 and a beta of 0.95. Equinor ASA has a 1 year low of $19.91 and a 1 year high of $28.93.
Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $19.14 billion during the quarter. Equinor ASA had a return on equity of 15.62% and a net margin of 9.08%. Equities research analysts predict that Equinor ASA will post 2.14 EPS for the current fiscal year.
The business also recently declared a special dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 21st were given a $0.23 dividend. The ex-dividend date was Tuesday, November 20th. This represents a dividend yield of 3.4%. Equinor ASA’s dividend payout ratio (DPR) is presently 48.55%.
A number of equities analysts have commented on the company. Zacks Investment Research cut Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Thursday, November 29th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Friday, November 23rd. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 target price on shares of Equinor ASA in a report on Monday, November 19th. Finally, ValuEngine cut Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.00.
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Equinor ASA Company Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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