SG Americas Securities LLC Has $558,000 Stake in Equinor ASA (NYSE:EQNR)

SG Americas Securities LLC lowered its holdings in shares of Equinor ASA (NYSE:EQNR) by 15.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,551 shares of the company’s stock after selling 3,534 shares during the period. SG Americas Securities LLC’s holdings in Equinor ASA were worth $558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atwood & Palmer Inc. acquired a new position in Equinor ASA in the second quarter worth about $25,000. Principal Securities Inc. acquired a new position in shares of Equinor ASA in the 4th quarter worth approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in Equinor ASA by 136.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock valued at $34,000 after buying an additional 629 shares in the last quarter. Avalon Trust Co acquired a new stake in Equinor ASA in the 4th quarter valued at $41,000. Finally, GAMMA Investing LLC bought a new stake in Equinor ASA in the fourth quarter valued at $46,000. Institutional investors own 5.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on EQNR. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. TD Cowen reduced their price target on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. Finally, UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Equinor ASA presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Stock Performance

Equinor ASA stock opened at $27.64 on Tuesday. The stock has a 50-day simple moving average of $27.27 and a 200 day simple moving average of $27.18. The stock has a market capitalization of $77.19 billion, a price-to-earnings ratio of 8.56, a P/E/G ratio of 4.00 and a beta of 0.84. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. The company had revenue of $25.54 billion during the quarter, compared to the consensus estimate of $25.93 billion. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, research analysts anticipate that Equinor ASA will post 3.39 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th will be issued a dividend of $0.35 per share. This represents a yield of 4.1%. The ex-dividend date is Monday, August 19th. Equinor ASA’s dividend payout ratio is 35.60%.

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.