Sarasin & Partners LLP Decreases Position in Equinor ASA (NYSE:EQNR)

by · The Cerbat Gem

Sarasin & Partners LLP trimmed its holdings in Equinor ASA (NYSE:EQNR – Free Report) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,576 shares of the company’s stock after selling 32,681 shares during the period. Sarasin & Partners LLP’s holdings in Equinor ASA were worth $13,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Equinor ASA by 2,359.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after purchasing an additional 6,507,511 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Equinor ASA by 9.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock worth $108,596,000 after purchasing an additional 285,662 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Equinor ASA in the second quarter worth $5,271,000. Earnest Partners LLC lifted its stake in Equinor ASA by 4.5% in the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock worth $104,485,000 after purchasing an additional 166,131 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Equinor ASA by 1,334.9% during the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock valued at $5,055,000 after acquiring an additional 164,658 shares during the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays upgraded shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley downgraded shares of Equinor ASA from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $30.50 to $25.80 in a research report on Thursday, August 29th. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 29th. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Equinor ASA presently has a consensus rating of “Hold” and a consensus price target of $26.90.

Read Our Latest Report on Equinor ASA

Equinor ASA Stock Performance

NYSE EQNR traded up $0.16 on Friday, hitting $25.58. 524,096 shares of the company’s stock traded hands, compared to its average volume of 3,256,721. The company has a current ratio of 1.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $26.07 and its two-hundred day moving average price is $27.09. Equinor ASA has a 1-year low of $24.02 and a 1-year high of $34.73. The firm has a market capitalization of $71.44 billion, a PE ratio of 7.75, a P/E/G ratio of 2.31 and a beta of 0.83.

Equinor ASA (NYSE:EQNR – Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. The business had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, analysts expect that Equinor ASA will post 3.32 EPS for the current year.

Equinor ASA Cuts Dividend

The company also recently declared a — dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 4.1%. Equinor ASA’s dividend payout ratio is currently 36.28%.

Equinor ASA Company Profile

(Free Report)

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.

See Also

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