Equinor ASA (NYSE:EQNR) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC trimmed its position in shares of Equinor ASA (NYSE:EQNR) by 25.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,512 shares of the company’s stock after selling 144,890 shares during the quarter. Cambiar Investors LLC’s holdings in Equinor ASA were worth $9,962,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EQNR. Truist Financial Corp increased its holdings in shares of Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after purchasing an additional 1,167 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Equinor ASA by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after purchasing an additional 24,052 shares in the last quarter. Creative Planning increased its holdings in Equinor ASA by 22.2% in the 3rd quarter. Creative Planning now owns 67,058 shares of the company’s stock worth $1,699,000 after acquiring an additional 12,170 shares in the last quarter. Inspire Advisors LLC increased its holdings in Equinor ASA by 7.9% in the 3rd quarter. Inspire Advisors LLC now owns 21,154 shares of the company’s stock worth $536,000 after acquiring an additional 1,552 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Equinor ASA by 182.0% in the 3rd quarter. Blue Trust Inc. now owns 30,826 shares of the company’s stock worth $781,000 after acquiring an additional 19,894 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Price Performance

Equinor ASA stock opened at $24.53 on Tuesday. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The firm has a market capitalization of $68.52 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.27 and a beta of 0.83. The company has a fifty day simple moving average of $23.93 and a 200-day simple moving average of $24.81. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last announced 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 net margin of 8.49% and a return on equity of 20.33%. On average, equities analysts anticipate that Equinor ASA will post 3.38 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.71%. Equinor ASA’s payout ratio is 37.62%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.45.

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.