Equinor ASA (NYSE:EQNR) Shares Acquired by CWA Asset Management Group LLC

CWA Asset Management Group LLC grew its position in Equinor ASA (NYSE:EQNR - Free Report) by 30.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,791 shares of the company's stock after purchasing an additional 15,910 shares during the period. CWA Asset Management Group LLC's holdings in Equinor ASA were worth $1,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EQNR. Sound Income Strategies LLC lifted its stake in shares of Equinor ASA by 725.4% in the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after purchasing an additional 856 shares in the last quarter. GeoWealth Management LLC lifted its position in Equinor ASA by 254.5% during the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after acquiring an additional 985 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in Equinor ASA by 34.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company's stock worth $58,000 after acquiring an additional 556 shares in the last quarter. Bessemer Group Inc. lifted its position in Equinor ASA by 1,009.8% during the 4th quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock worth $60,000 after acquiring an additional 2,272 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Equinor ASA by 36.4% during the 1st quarter. GAMMA Investing LLC now owns 2,355 shares of the company's stock worth $62,000 after acquiring an additional 629 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Stock Performance

Shares of EQNR opened at $27.83 on Thursday. The business's 50 day moving average is $23.90 and its two-hundred day moving average is $23.95. Equinor ASA has a 52-week low of $21.41 and a 52-week high of $29.03. The firm has a market cap of $77.72 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 0.72 and a beta of 0.57. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.50.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). Equinor ASA had a net margin of 8.07% and a return on equity of 18.44%. The business had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Analysts forecast that Equinor ASA will post 3.46 EPS for the current fiscal 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 $0.304 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.37%. Equinor ASA's dividend payout ratio (DPR) is 38.61%.

Analyst Upgrades and Downgrades

EQNR has been the topic of several recent research reports. Redburn Atlantic lowered Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. TD Cowen reduced their price target 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. Royal Bank Of Canada lowered Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Finally, Barclays lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.71.

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.

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