Aquatic Capital Management LLC Has $1.59 Million Stock Holdings in Equinor ASA (NYSE:EQNR)

Aquatic Capital Management LLC reduced its position in Equinor ASA (NYSE:EQNR) by 70.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 67,231 shares of the company’s stock after selling 159,069 shares during the period. Aquatic Capital Management LLC’s holdings in Equinor ASA were worth $1,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new stake in Equinor ASA in the fourth quarter worth about $33,000. GeoWealth Management LLC grew its position in shares of Equinor ASA by 254.5% during the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock worth $33,000 after buying an additional 985 shares during the period. Synergy Asset Management LLC bought a new stake in shares of Equinor ASA during the fourth quarter worth approximately $36,000. R Squared Ltd acquired a new position in Equinor ASA in the fourth quarter valued at approximately $48,000. Finally, Bessemer Group Inc. lifted its holdings in Equinor ASA by 1,009.8% in the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company’s stock valued at $60,000 after buying an additional 2,272 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on EQNR. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Hsbc Global Res raised shares of Equinor ASA to a “strong-buy” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Moderate Buy” and an average price target of $28.10.

Equinor ASA Stock Up 0.9 %

EQNR stock opened at $23.10 on Wednesday. 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 stock has a market capitalization of $64.51 billion, a P/E ratio of 7.43, a P/E/G ratio of 0.58 and a beta of 0.58. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32. The business has a 50-day moving average of $23.85 and a 200-day moving average of $23.90.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, sell-side analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a $0.304 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a yield of 5.26%. Equinor ASA’s dividend payout ratio is 38.91%.

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.