O Shaughnessy Asset Management LLC Has $12.77 Million Stock Position in Equinor ASA $EQNR

O Shaughnessy Asset Management LLC reduced its stake in Equinor ASA (NYSE:EQNR) by 25.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 540,335 shares of the company’s stock after selling 182,481 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Equinor ASA were worth $12,768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Equinor ASA by 1.2% in the third quarter. PNC Financial Services Group Inc. now owns 37,331 shares of the company’s stock worth $910,000 after acquiring an additional 428 shares during the period. National Bank of Canada FI lifted its stake in shares of Equinor ASA by 1.1% in the third quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock worth $952,000 after acquiring an additional 437 shares during the period. GAMMA Investing LLC lifted its stake in shares of Equinor ASA by 7.8% in the fourth quarter. GAMMA Investing LLC now owns 6,148 shares of the company’s stock worth $145,000 after acquiring an additional 445 shares during the period. US Bancorp DE lifted its stake in shares of Equinor ASA by 0.9% in the third quarter. US Bancorp DE now owns 54,010 shares of the company’s stock worth $1,317,000 after acquiring an additional 472 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Equinor ASA by 5.4% in the fourth quarter. TD Asset Management Inc now owns 9,711 shares of the company’s stock worth $229,000 after acquiring an additional 501 shares during the period. 5.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EQNR. TD Cowen boosted their price target on Equinor ASA from $40.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, June 5th. Rothschild & Co Redburn raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday, March 20th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $40.40 price target on the stock in a research note on Tuesday, March 24th. Finally, Weiss Ratings raised Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Equinor ASA presently has an average rating of “Hold” and an average target price of $41.20.

Equinor ASA Trading Down 2.8%

NYSE EQNR opened at $36.55 on Wednesday. The company has a market cap of $107.64 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 1.09 and a beta of 0.03. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46. The business has a 50 day moving average price of $38.66 and a 200-day moving average price of $31.36. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.57.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.01 by $0.47. The firm had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. As a group, equities analysts expect that Equinor ASA will post 5.19 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Friday, August 14th. This represents a $1.56 annualized dividend and a dividend yield of 4.3%. Equinor ASA’s payout ratio is currently 58.72%.

Equinor ASA Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low?carbon energy.