Legacy Wealth Asset Management LLC Buys 12,205 Shares of Equinor ASA (NYSE:EQNR)

Legacy Wealth Asset Management LLC lifted its stake in Equinor ASA (NYSE:EQNR - Free Report) by 29.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,171 shares of the company's stock after purchasing an additional 12,205 shares during the period. Legacy Wealth Asset Management LLC's holdings in Equinor ASA were worth $1,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in Equinor ASA by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock valued at $386,000 after buying an additional 487 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Equinor ASA by 10.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock valued at $123,000 after acquiring an additional 505 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock valued at $464,000 after acquiring an additional 518 shares during the period. Farther Finance Advisors LLC raised its position in shares of Equinor ASA by 10.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock valued at $146,000 after acquiring an additional 593 shares during the period. Finally, GeoWealth Management LLC boosted its stake 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 during the last quarter. Institutional investors own 5.51% of the company's stock.

Equinor ASA Stock Down 0.1%

Shares of EQNR stock traded down $0.03 during trading on Tuesday, reaching $24.29. The company's stock had a trading volume of 2,906,175 shares, compared to its average volume of 3,605,325. Equinor ASA has a one year low of $21.41 and a one year high of $29.32. The business has a fifty day moving average price of $23.60 and a 200-day moving average price of $23.82. The company has a market cap of $67.84 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR - Get Free Report) last released 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 8.49% and a return on equity of 20.33%. The company had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Friday, May 16th were issued a dividend of $0.304 per share. This represents a $1.22 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, May 16th. Equinor ASA's payout ratio is currently 46.84%.

Analysts Set New Price Targets

EQNR has been the topic of a number of recent analyst reports. Barclays cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Berenberg Bank cut Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 target price for the company. in a research note on Tuesday, May 20th. Kepler Capital Markets lowered Equinor ASA from a "hold" rating to a "reduce" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen cut Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Equinor ASA presently has a consensus rating of "Hold" and a consensus target price of $22.71.

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.