Equinor ASA $EQNR Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its stake in shares of Equinor ASA (NYSE:EQNR) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,186,498 shares of the company’s stock after selling 13,365 shares during the quarter. Sei Investments Co.’s holdings in Equinor ASA were worth $50,070,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of America Corp DE increased its stake in Equinor ASA by 30.2% during the 3rd quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock valued at $384,227,000 after buying an additional 3,659,611 shares during the period. DV Equities LLC acquired a new stake in shares of Equinor ASA in the 4th quarter worth approximately $16,217,000. Voloridge Investment Management LLC lifted its stake in shares of Equinor ASA by 143.2% in the 4th quarter. Voloridge Investment Management LLC now owns 880,931 shares of the company’s stock worth $20,816,000 after acquiring an additional 518,646 shares during the period. Morgan Stanley boosted its holdings in shares of Equinor ASA by 5.6% in the fourth quarter. Morgan Stanley now owns 9,250,933 shares of the company’s stock valued at $218,600,000 after acquiring an additional 493,801 shares in the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of Equinor ASA by 105.4% in the fourth quarter. Jump Financial LLC now owns 863,441 shares of the company’s stock valued at $20,403,000 after acquiring an additional 443,041 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Trending Headlines about Equinor ASA

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

Analysts Set New Price Targets

Several brokerages recently commented on EQNR. Zacks Research cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings raised Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday. 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. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada raised shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.20.

Equinor ASA Stock Performance

EQNR opened at $40.38 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. The firm has a market cap of $118.91 billion, a PE ratio of 11.00, a P/E/G ratio of 2.58 and a beta of 0.06. The business has a fifty day simple moving average of $35.69 and a 200-day simple moving average of $33.96. Equinor ASA has a fifty-two week low of $22.26 and a fifty-two week high of $43.46.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $34.03 billion. As a group, equities analysts predict that Equinor ASA will post 4.85 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

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

Equinor ASA Company 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.