Evergreen Capital Management LLC Sells 577 Shares of Equinor ASA (NYSE:EQNR)

Evergreen Capital Management LLC reduced its stake in shares of Equinor ASA (NYSE:EQNR) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,406 shares of the company’s stock after selling 577 shares during the quarter. Evergreen Capital Management LLC’s holdings in Equinor ASA were worth $212,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. DRW Securities LLC acquired a new position in Equinor ASA during the 2nd quarter worth $1,502,000. EverSource Wealth Advisors LLC raised its position in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the last quarter. Profund Advisors LLC raised its position in shares of Equinor ASA by 3.0% during the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after acquiring an additional 559 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Equinor ASA by 21.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,709 shares of the company’s stock valued at $913,000 after acquiring an additional 5,680 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Equinor ASA by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company’s stock valued at $11,898,000 after acquiring an additional 49,029 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Up 3.3 %

Shares of NYSE EQNR opened at $24.99 on Friday. Equinor ASA has a 52-week low of $24.02 and a 52-week high of $34.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.53. The stock has a market cap of $73.59 billion, a P/E ratio of 7.74, a P/E/G ratio of 3.50 and a beta of 0.83. The firm has a 50 day moving average price of $26.10 and a 200 day moving average price of $27.13.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The company had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts expect that Equinor ASA will post 3.3 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently declared a — dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th were given a dividend of $0.35 per share. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 19th. Equinor ASA’s dividend payout ratio is currently 43.34%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley cut Equinor ASA from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $30.50 to $25.80 in a report on Thursday, August 29th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, TD Cowen dropped their target price on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of “Hold” and an average target price of $26.90.

Equinor ASA Company 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.