OLD National Bancorp IN Sells 1,149 Shares of Equinor ASA (NYSE:EQNR)

OLD National Bancorp IN lowered its position in Equinor ASA (NYSE:EQNR) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,316 shares of the company’s stock after selling 1,149 shares during the quarter. OLD National Bancorp IN’s holdings in Equinor ASA were worth $485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its stake in Equinor ASA by 4.5% in the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock worth $337,241,000 after purchasing an additional 444,435 shares in the last quarter. Wellington Management Group LLP boosted its position in Equinor ASA by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after acquiring an additional 134,688 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Equinor ASA by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,438,946 shares of the company’s stock valued at $47,183,000 after acquiring an additional 18,694 shares in the last quarter. Flputnam Investment Management Co. boosted its position in Equinor ASA by 1.8% during the 4th quarter. Flputnam Investment Management Co. now owns 805,293 shares of the company’s stock valued at $25,479,000 after acquiring an additional 14,466 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Equinor ASA by 25.2% during the 4th quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after acquiring an additional 139,952 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.40 to $28.50 in a research report on Tuesday, February 20th. TD Cowen assumed coverage on Equinor ASA in a research report on Wednesday. They set a “hold” rating and a $28.00 target price on the stock. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, DZ Bank lowered Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.25.

Equinor ASA Stock Performance

Shares of EQNR opened at $27.10 on Thursday. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The stock has a fifty day moving average price of $26.52 and a 200-day moving average price of $29.59. The company has a current ratio of 1.71, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The firm has a market cap of $84.59 billion, a PE ratio of 6.93, a P/E/G ratio of 7.91 and a beta of 0.85.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.44). The firm had revenue of $29.05 billion during the quarter, compared to analysts’ expectations of $27.35 billion. Equinor ASA had a return on equity of 20.32% and a net margin of 11.09%. Equities research analysts predict that Equinor ASA will post 3.33 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 4.43%. Equinor ASA’s dividend payout ratio (DPR) is 25.06%.

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.