PNC Financial Services Group Inc. Has $770,000 Position in Equinor ASA (NYSE:EQNR)

PNC Financial Services Group Inc. lessened its position in Equinor ASA (NYSE:EQNR) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,485 shares of the company’s stock after selling 1,752 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Equinor ASA were worth $770,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EQNR. Callan Family Office LLC bought a new stake in Equinor ASA during the 4th quarter worth about $485,000. Raymond James Financial Inc. acquired a new stake in shares of Equinor ASA in the fourth quarter valued at about $909,000. Charles Schwab Investment Management Inc. raised its holdings in Equinor ASA by 62.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company’s stock worth $1,486,000 after acquiring an additional 24,090 shares in the last quarter. Unified Investment Management acquired a new position in Equinor ASA during the fourth quarter valued at approximately $540,000. Finally, SBI Securities Co. Ltd. bought a new position in Equinor ASA in the fourth quarter valued at approximately $165,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley dropped their price objective on Equinor ASA from $30.90 to $28.20 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.10.

Equinor ASA Trading Up 1.7 %

Shares of EQNR stock opened at $24.72 on Tuesday. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.32. The company has a market capitalization of $69.02 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The firm has a 50 day moving average price of $23.92 and a two-hundred day moving average price of $24.18. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. As a group, analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.66%. Equinor ASA’s payout ratio is presently 37.30%.

About Equinor ASA

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.