Equinor ASA (NYSE:EQNR) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC cut its position in shares of Equinor ASA (NYSE:EQNR) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 170,179 shares of the company’s stock after selling 15,291 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Equinor ASA were worth $4,032,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Equinor ASA by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock worth $480,000 after purchasing an additional 440 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after buying an additional 543 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its holdings in shares of Equinor ASA by 1.2% in the third quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock worth $2,057,000 after acquiring an additional 1,000 shares during the last quarter. Truist Financial Corp lifted its position in shares of Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA in the third quarter valued at $31,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

Shares of NYSE:EQNR opened at $23.91 on Thursday. The business has a 50-day moving average of $24.03 and a two-hundred day moving average of $24.98. The firm has a market capitalization of $66.76 billion, a PE ratio of 7.33, a P/E/G ratio of 1.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.49.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.86%. Equinor ASA’s payout ratio is 35.89%.

Analyst Ratings Changes

Several brokerages recently weighed in on EQNR. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Citigroup raised Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Equinor ASA presently 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.