Insigneo Advisory Services LLC Invests $391,000 in Equinor ASA (NYSE:EQNR)

Insigneo Advisory Services LLC purchased a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,800 shares of the company's stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Equinor ASA during the 1st quarter worth approximately $529,000. QRG Capital Management Inc. increased its position in shares of Equinor ASA by 5.7% in the first quarter. QRG Capital Management Inc. now owns 80,437 shares of the company's stock valued at $2,128,000 after buying an additional 4,302 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Equinor ASA in the first quarter valued at $232,000. Mission Wealth Management LP increased its position in shares of Equinor ASA by 4.5% in the first quarter. Mission Wealth Management LP now owns 12,236 shares of the company's stock valued at $324,000 after buying an additional 522 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Equinor ASA by 725.4% in the first quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after buying an additional 856 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Berenberg Bank cut shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price for the company. in a research report on Tuesday, May 20th. Royal Bank Of Canada cut shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Morgan Stanley cut shares of Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 target price for the company. in a research report on Monday, May 12th. Redburn Atlantic cut shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Finally, TD Cowen reduced their price objective on Equinor ASA from $22.00 to $19.00 and set a "hold" rating on the stock in a research report on Friday, May 2nd. Four analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.71.

Equinor ASA Stock Performance

Shares of Equinor ASA stock traded down $0.04 during trading on Friday, hitting $27.79. 4,653,328 shares of the stock were exchanged, compared to its average volume of 3,680,563. The stock's fifty day moving average is $24.10 and its 200 day moving average is $24.00. The stock has a market cap of $77.60 billion, a PE ratio of 8.79, a P/E/G ratio of 0.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.27 and a current ratio of 1.37. 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 released its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). Equinor ASA had a return on equity of 18.44% and a net margin of 8.07%. The company had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, sell-side analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th were given a $0.304 dividend. This represents a $1.22 annualized dividend and a yield of 4.38%. The ex-dividend date was Friday, May 16th. Equinor ASA's dividend payout ratio (DPR) is presently 38.61%.

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.