Gallacher Capital Management LLC Sells 383 Shares of Equinor ASA (NYSE:EQNR)

Gallacher Capital Management LLC lowered its holdings in shares of Equinor ASA (NYSE:EQNR) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,876 shares of the company’s stock after selling 383 shares during the quarter. Gallacher Capital Management LLC’s holdings in Equinor ASA were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of EQNR. Avalon Trust Co purchased a new stake in shares of Equinor ASA in the 4th quarter worth $41,000. SRS Capital Advisors Inc. boosted its holdings in Equinor ASA by 558.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock worth $44,000 after buying an additional 1,129 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Equinor ASA in the fourth quarter valued at approximately $43,000. GAMMA Investing LLC purchased a new stake in shares of Equinor ASA during the fourth quarter worth about $46,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Equinor ASA during the fourth quarter worth approximately $59,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Up 1.6 %

NYSE EQNR traded up $0.42 during trading on Friday, reaching $27.41. 4,579,700 shares of the company’s stock were exchanged, compared to its average volume of 4,034,641. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73. The stock has a market cap of $85.57 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 3.36 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The company has a 50 day moving average price of $26.78 and a two-hundred day moving average price of $29.21.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.44). The company had revenue of $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. On average, equities research analysts anticipate that Equinor ASA will post 3.49 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.38%. Equinor ASA’s dividend payout ratio (DPR) is currently 30.34%.

Analyst Ratings Changes

A number of equities research analysts have commented on EQNR shares. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. TD Cowen assumed coverage on Equinor ASA in a report on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price for the company. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.40 to $28.50 in a report on Tuesday, February 20th. Finally, DZ Bank cut Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. 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. According to MarketBeat.com, Equinor ASA has a consensus rating of “Hold” and an average target price of $28.25.

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.