CWA Asset Management Group LLC Has $1.82 Million Stock Position in Equinor ASA (NYSE:EQNR)

CWA Asset Management Group LLC lifted its holdings in shares of Equinor ASA (NYSE:EQNR - Free Report) by 30.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,791 shares of the company's stock after acquiring an additional 15,910 shares during the quarter. 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 also recently made changes to their positions in the business. Insigneo Advisory Services LLC bought a new position in shares of Equinor ASA during the 1st quarter worth approximately $391,000. FNY Investment Advisers LLC bought a new stake in Equinor ASA in the 1st quarter valued at $529,000. QRG Capital Management Inc. grew its holdings in Equinor ASA by 5.7% in the 1st 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 bought a new position in Equinor ASA during the 1st quarter worth $232,000. Finally, Mission Wealth Management LP increased its position in Equinor ASA by 4.5% during the 1st quarter. Mission Wealth Management LP now owns 12,236 shares of the company's stock worth $324,000 after buying an additional 522 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Price Performance

NYSE EQNR traded down $0.04 during midday trading on Friday, hitting $27.79. The company had a trading volume of 4,653,328 shares, compared to its average volume of 3,680,563. The company has a market capitalization 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 current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $24.10 and a 200-day moving average price of $24.00. Equinor ASA has a twelve month low of $21.41 and a twelve 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 for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a net margin of 8.07% and a return on equity of 18.44%. As a group, analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders 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 annualized dividend and a yield of 4.38%. Equinor ASA's dividend payout ratio is presently 38.61%.

Analysts Set New Price Targets

Several research analysts have weighed in on EQNR shares. TD Cowen lowered 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. Royal Bank Of Canada cut Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Morgan Stanley cut Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective on the stock. in a research report on Monday, May 12th. Finally, Kepler Capital Markets cut Equinor ASA from a "hold" rating to a "reduce" rating in a research report on Tuesday, May 20th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equinor ASA currently has an average rating of "Hold" and an average target price 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.