Brinker Capital Investments LLC Sells 24,800 Shares of Equinor ASA (NYSE:EQNR)

Posted by Defense World Staff on May 4th, 2023

Brinker Capital Investments LLC trimmed its holdings in Equinor ASA (NYSE:EQNR – Get Rating) by 45.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,189 shares of the company’s stock after selling 24,800 shares during the quarter. Brinker Capital Investments LLC’s holdings in Equinor ASA were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its position in shares of Equinor ASA by 42.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company’s stock valued at $382,086,000 after acquiring an additional 3,052,907 shares during the period. Balyasny Asset Management LLC bought a new position in Equinor ASA in the third quarter worth $146,540,000. Goldman Sachs Group Inc. lifted its position in Equinor ASA by 47.6% in the second quarter. Goldman Sachs Group Inc. now owns 3,752,274 shares of the company’s stock worth $130,429,000 after purchasing an additional 1,210,930 shares during the period. Renaissance Technologies LLC lifted its position in Equinor ASA by 100.9% in the third quarter. Renaissance Technologies LLC now owns 2,416,923 shares of the company’s stock worth $80,024,000 after purchasing an additional 1,214,100 shares during the period. Finally, Todd Asset Management LLC lifted its position in Equinor ASA by 2.5% in the fourth quarter. Todd Asset Management LLC now owns 2,351,830 shares of the company’s stock worth $84,219,000 after purchasing an additional 57,388 shares during the period. 5.46% of the stock is owned by institutional investors.

Equinor ASA Stock Performance

Shares of NYSE:EQNR opened at $26.99 on Thursday. Equinor ASA has a twelve month low of $26.28 and a twelve month high of $42.53. The firm has a market cap of $87.62 billion, a PE ratio of 2.98, a price-to-earnings-growth ratio of 0.78 and a beta of 0.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.65 and a current ratio of 1.77. The business has a fifty day moving average of $28.94 and a 200-day moving average of $32.27.

Equinor ASA (NYSE:EQNR – Get Rating) last announced its earnings results on Wednesday, February 8th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.22. Equinor ASA had a return on equity of 50.09% and a net margin of 19.11%. The company had revenue of $34.32 billion during the quarter, compared to analyst estimates of $69.47 billion. On average, equities research analysts predict that Equinor ASA will post 4.82 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Thursday, May 25th. Investors of record on Friday, May 12th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a yield of 2.6%. Equinor ASA’s payout ratio is 10.72%.

Analysts Set New Price Targets

Several research analysts recently commented on EQNR shares. BNP Paribas cut Equinor ASA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, April 4th. DNB Markets raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, January 6th. Societe Generale raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, March 22nd. StockNews.com initiated coverage on Equinor ASA in a report on Thursday, March 16th. They set a “buy” rating for the company. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA presently has an average rating of “Hold” and a consensus target price of $358.14.

Equinor ASA Profile

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Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, Renewables, and and Other.