Boston Common Asset Management LLC Trims Position in Equinor ASA (EQNR)

Boston Common Asset Management LLC lowered its position in shares of Equinor ASA (NYSE:EQNR) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 520,043 shares of the company’s stock after selling 27,378 shares during the period. Equinor ASA makes up approximately 1.8% of Boston Common Asset Management LLC’s portfolio, making the stock its 10th largest position. Boston Common Asset Management LLC’s holdings in Equinor ASA were worth $14,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Folketrygdfondet purchased a new stake in Equinor ASA in the second quarter worth approximately $3,042,083,000. Renaissance Technologies LLC purchased a new stake in Equinor ASA in the second quarter worth approximately $243,319,000. FMR LLC purchased a new stake in Equinor ASA in the second quarter worth approximately $166,549,000. Earnest Partners LLC purchased a new stake in Equinor ASA in the second quarter worth approximately $154,133,000. Finally, Bank of America Corp DE purchased a new stake in Equinor ASA in the second quarter worth approximately $56,964,000. 5.16% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Tuesday, October 30th. Piper Jaffray Companies restated an “overweight” rating on shares of Equinor ASA in a report on Tuesday, October 23rd. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Friday, October 5th. Finally, Barclays upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, September 11th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Equinor ASA presently has an average rating of “Buy” and a consensus target price of $29.00.

Shares of Equinor ASA stock opened at $25.18 on Friday. The firm has a market cap of $84.07 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.53 and a beta of 0.95. Equinor ASA has a 1-year low of $19.76 and a 1-year high of $28.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.36.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.08. The business had revenue of $19.14 billion for the quarter. Equinor ASA had a net margin of 9.08% and a return on equity of 15.62%. As a group, equities analysts expect that Equinor ASA will post 2.16 EPS for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.23 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, November 20th. Equinor ASA’s dividend payout ratio is presently 48.55%.

Equinor ASA Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

Featured Story: Understanding Analyst Recommendations

Want to see what other hedge funds are holding EQNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equinor ASA (NYSE:EQNR).

Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply