PNC Financial Services Group Inc. Sells 1,752 Shares of Equinor ASA (NYSE:EQNR)

PNC Financial Services Group Inc. lessened its stake in shares of Equinor ASA (NYSE:EQNR) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,485 shares of the company’s stock after selling 1,752 shares during the period. PNC Financial Services Group Inc.’s holdings in Equinor ASA were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQNR. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA during the 4th quarter worth $33,000. Synergy Asset Management LLC acquired a new stake in Equinor ASA during the fourth quarter worth about $36,000. R Squared Ltd bought a new position in Equinor ASA in the 4th quarter valued at about $48,000. Brooklyn Investment Group bought a new stake in shares of Equinor ASA during the 4th quarter worth approximately $61,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Equinor ASA by 325.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,944 shares of the company’s stock worth $92,000 after acquiring an additional 3,016 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Trading Up 1.7 %

Shares of EQNR stock opened at $24.72 on Tuesday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The stock has a market cap of $69.02 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.58 and a beta of 0.79. The stock has a 50-day moving average of $23.92 and a 200-day moving average of $24.18.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.66%. Equinor ASA’s payout ratio is 37.30%.

Analyst Ratings Changes

EQNR has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.10.

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.