Guggenheim Capital LLC Sells 4,954 Shares of Equinor ASA (NYSE:EQNR)


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Guggenheim Capital LLC decreased its stake in shares of Equinor ASA (NYSE:EQNR) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,044 shares of the company’s stock after selling 4,954 shares during the period. Guggenheim Capital LLC’s holdings in Equinor ASA were worth $264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EQNR. Folketrygdfondet lifted its position in Equinor ASA by 1.1% during the fourth quarter. Folketrygdfondet now owns 122,031,181 shares of the company’s stock valued at $2,003,752,000 after purchasing an additional 1,300,401 shares during the period. Van ECK Associates Corp bought a new position in Equinor ASA in the third quarter worth approximately $16,664,000. CI Investments Inc. raised its position in Equinor ASA by 556.0% in the fourth quarter. CI Investments Inc. now owns 966,716 shares of the company’s stock worth $15,873,000 after acquiring an additional 819,355 shares during the period. OLD Mission Capital LLC bought a new position in Equinor ASA in the third quarter worth approximately $4,007,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Equinor ASA by 47,164.6% in the fourth quarter. Panagora Asset Management Inc. now owns 166,844 shares of the company’s stock worth $2,740,000 after acquiring an additional 166,491 shares during the period. Institutional investors own 6.86% of the company’s stock.

NYSE EQNR opened at $19.87 on Friday. The company’s 50-day moving average price is $19.68 and its 200-day moving average price is $17.13. The company has a current ratio of 1.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.94. The stock has a market cap of $66.34 billion, a PE ratio of -19.67, a PEG ratio of 2.40 and a beta of 1.21. Equinor ASA has a 12 month low of $11.77 and a 12 month high of $20.81.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, February 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.36). Equinor ASA had a positive return on equity of 7.24% and a negative net margin of 6.75%. The business had revenue of $11.75 billion for the quarter. As a group, sell-side analysts forecast that Equinor ASA will post 0.73 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 26th. Shareholders of record on Friday, February 12th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.21%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 11th. Equinor ASA’s dividend payout ratio is presently 20.95%.

A number of equities research analysts recently issued reports on EQNR shares. JPMorgan Chase & Co. downgraded shares of Equinor ASA from an “overweight” rating to a “neutral” rating in a research note on Monday. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating on shares of Equinor ASA in a research report on Wednesday, January 13th. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Tuesday, March 16th. Societe Generale upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, March 18th. Finally, Santander cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, January 21st. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.00.

Equinor ASA Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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