Bank of Montreal Can Sells 60,655 Shares of Equinor ASA (NYSE:EQNR)

Bank of Montreal Can lessened its holdings in Equinor ASA (NYSE:EQNR) by 38.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 99,139 shares of the company’s stock after selling 60,655 shares during the period. Bank of Montreal Can’s holdings in Equinor ASA were worth $2,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Manchester Capital Management LLC bought a new position in Equinor ASA in the fourth quarter worth approximately $33,000. Synergy Asset Management LLC bought a new position in shares of Equinor ASA during the 4th quarter worth $36,000. R Squared Ltd purchased a new position in shares of Equinor ASA during the fourth quarter valued at $48,000. Brooklyn Investment Group bought a new stake in shares of Equinor ASA in the fourth quarter valued at about $61,000. Finally, Smartleaf Asset Management LLC lifted its stake in Equinor ASA by 325.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock worth $92,000 after acquiring an additional 3,016 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Up 1.7 %

Equinor ASA stock opened at $23.45 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The stock has a market cap of $65.49 billion, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The stock has a 50-day moving average of $23.94 and a two-hundred day moving average of $24.10. Equinor ASA has a one year low of $21.41 and a one year high of $29.32.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.304 per share. The ex-dividend date is Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 5.19%. Equinor ASA’s payout ratio is currently 38.91%.

Analyst Ratings Changes

Several research firms have recently commented on EQNR. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Monday, February 10th. Danske raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.10.

Equinor ASA Company 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.