Gallacher Capital Management LLC Sells 383 Shares of Equinor ASA (NYSE:EQNR)

Gallacher Capital Management LLC reduced its position in shares of Equinor ASA (NYSE:EQNR) by 2.7% in the 4th quarter, HoldingsChannel reports. The firm owned 13,876 shares of the company’s stock after selling 383 shares during the period. Gallacher Capital Management LLC’s holdings in Equinor ASA were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Equinor ASA by 4.5% in the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after acquiring an additional 444,435 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Equinor ASA by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after buying an additional 134,688 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Equinor ASA by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 1,438,946 shares of the company’s stock valued at $47,183,000 after buying an additional 18,694 shares during the last quarter. Flputnam Investment Management Co. lifted its position in Equinor ASA by 1.8% during the 4th quarter. Flputnam Investment Management Co. now owns 805,293 shares of the company’s stock worth $25,479,000 after buying an additional 14,466 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Equinor ASA by 25.2% during the 4th quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock worth $21,983,000 after acquiring an additional 139,952 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EQNR shares. TD Cowen assumed coverage on shares of Equinor ASA in a research report on Wednesday, April 24th. They set a “hold” rating and a $28.00 target price on the stock. DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $26.40 to $28.50 in a research note on Tuesday, February 20th. Finally, StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.25.

Equinor ASA Trading Up 1.6 %

Shares of Equinor ASA stock traded up $0.42 on Friday, hitting $27.41. 4,579,700 shares of the company’s stock traded hands, compared to its average volume of 4,034,641. The firm’s 50-day moving average price is $26.78 and its two-hundred day moving average price is $29.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76. The stock has a market capitalization of $85.57 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.85. Equinor ASA has a one year low of $24.44 and a one year high of $34.73.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.44). Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The company had revenue of $29.05 billion during the quarter, compared to the consensus estimate of $27.35 billion. On average, research analysts expect that Equinor ASA will post 3.49 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.38%. Equinor ASA’s dividend payout ratio is 30.34%.

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.