Perigon Wealth Management LLC Takes Position in Equinor ASA (NYSE:EQNR)

Perigon Wealth Management LLC bought a new stake in shares of Equinor ASA (NYSE:EQNR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,161 shares of the company's stock, valued at approximately $295,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC raised its position in Equinor ASA by 6.6% in the fourth quarter. Fisher Asset Management LLC now owns 557,483 shares of the company's stock worth $13,207,000 after acquiring an additional 34,720 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 3,016 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Equinor ASA by 10.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock valued at $123,000 after purchasing an additional 505 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Equinor ASA during the fourth quarter worth approximately $165,000. Finally, Unified Investment Management bought a new stake in Equinor ASA during the fourth quarter worth approximately $540,000. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada downgraded Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. UBS Group lowered Equinor ASA from a "neutral" rating to a "sell" rating in a research report on Tuesday. TD Cowen decreased their price target on Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Berenberg Bank cut Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price target on the stock. in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.71.

Equinor ASA Stock Up 0.3%

Shares of NYSE EQNR traded up $0.08 during mid-day trading on Tuesday, reaching $25.22. The company had a trading volume of 5,038,347 shares, compared to its average volume of 4,238,354. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.37. The company has a market capitalization of $70.43 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.64 and a beta of 0.57. The stock has a fifty day moving average of $24.36 and a two-hundred day moving average of $24.08. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $29.03.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The firm had revenue of $27.14 billion for the quarter, compared to analysts' expectations of $27.16 billion. Equinor ASA had a return on equity of 18.44% and a net margin of 8.07%. As a group, equities research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th were issued a dividend of $0.304 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.22 annualized dividend and a dividend yield of 4.82%. Equinor ASA's dividend payout ratio is 38.61%.

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.