FNY Investment Advisers LLC Invests $529,000 in Equinor ASA (NYSE:EQNR)

FNY Investment Advisers LLC acquired a new stake in Equinor ASA (NYSE:EQNR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the company's stock, valued at approximately $529,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EQNR. Sound Income Strategies LLC lifted its holdings in 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. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA in the fourth quarter valued at about $33,000. GeoWealth Management LLC grew its holdings in shares of Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after purchasing an additional 985 shares during the period. Bruce G. Allen Investments LLC grew its holdings in shares of Equinor ASA by 34.1% in the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company's stock valued at $58,000 after purchasing an additional 556 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Equinor ASA by 1,009.8% in the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company's stock valued at $60,000 after purchasing an additional 2,272 shares during the period. Hedge funds and other institutional investors own 5.51% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen cut their price objective 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. Kepler Capital Markets downgraded Equinor ASA from a "hold" rating to a "reduce" rating in a research report on Tuesday, May 20th. Morgan Stanley downgraded Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective for the company. in a research report on Monday, May 12th. Redburn Atlantic downgraded Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada downgraded Equinor ASA from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Equinor ASA has a consensus rating of "Hold" and an average target price of $22.71.

Equinor ASA Trading Down 0.9%

NYSE EQNR traded down $0.25 during trading on Thursday, hitting $27.83. The stock had a trading volume of 4,561,595 shares, compared to its average volume of 3,667,227. The company has a market capitalization of $77.72 billion, a PE 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. The firm has a 50 day moving average price of $23.90 and a 200 day moving average price of $23.95. 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 released its earnings results 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 firm 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, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th were given a dividend of $0.304 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, May 16th. Equinor ASA's dividend payout ratio is presently 38.61%.

Equinor ASA Company 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.