M&T Bank Corp Sells 1,367 Shares of Equinor ASA (NYSE:EQNR)

M&T Bank Corp reduced its holdings in Equinor ASA (NYSE:EQNR) by 10.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,612 shares of the company’s stock after selling 1,367 shares during the quarter. M&T Bank Corp’s holdings in Equinor ASA were worth $275,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC bought a new position in Equinor ASA in the 4th quarter worth about $33,000. Synergy Asset Management LLC bought a new position in Equinor ASA in the 4th quarter worth about $36,000. R Squared Ltd bought a new position in Equinor ASA in the 4th quarter worth about $48,000. Brooklyn Investment Group bought a new position in Equinor ASA in the 4th quarter worth about $61,000. Finally, Smartleaf Asset Management LLC increased its stake in Equinor ASA by 325.0% in 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 during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Price Performance

EQNR opened at $24.28 on Friday. The stock’s 50 day simple moving average is $23.93 and its 200 day simple moving average is $24.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.32. The firm has a market cap of $67.81 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. As a group, analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA’s dividend payout ratio (DPR) is currently 37.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

About Equinor ASA

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.