Hantz Financial Services Inc. Sells 15,979 Shares of Equinor ASA $EQNR

Hantz Financial Services Inc. reduced its holdings in Equinor ASA (NYSE:EQNR) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,633 shares of the company’s stock after selling 15,979 shares during the quarter. Hantz Financial Services Inc.’s holdings in Equinor ASA were worth $511,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EQNR. Mirabella Financial Services LLP purchased a new stake in Equinor ASA in the third quarter worth about $7,314,000. JPMorgan Chase & Co. lifted its holdings in Equinor ASA by 1,437.7% in the third quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock worth $55,741,000 after buying an additional 2,137,642 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in Equinor ASA in the third quarter worth about $21,366,000. Fisher Asset Management LLC lifted its holdings in Equinor ASA by 2.2% in the third quarter. Fisher Asset Management LLC now owns 1,827,302 shares of the company’s stock worth $44,550,000 after buying an additional 39,524 shares during the period. Finally, ABC Arbitrage SA lifted its holdings in shares of Equinor ASA by 100.8% during the third quarter. ABC Arbitrage SA now owns 515,544 shares of the company’s stock valued at $12,569,000 after purchasing an additional 258,767 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EQNR has been the subject of several recent research reports. Pareto Securities lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Friday, March 20th. Finally, Weiss Ratings upgraded shares of Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.20.

Equinor ASA Price Performance

Shares of EQNR opened at $36.50 on Friday. Equinor ASA has a twelve month low of $22.26 and a twelve month high of $43.46. The company has a market capitalization of $107.49 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.08 and a beta of 0.07. The firm has a 50 day moving average of $39.17 and a 200 day moving average of $30.63. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.47. Equinor ASA had a net margin of 5.30% and a return on equity of 20.01%. The company had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.73 billion. As a group, equities research analysts anticipate that Equinor ASA will post 5.1 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Friday, August 14th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, August 14th. Equinor ASA’s payout ratio is presently 58.72%.

About Equinor ASA

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.