SeaCrest Wealth Management LLC Buys 19,317 Shares of Equinor ASA (NYSE:EQNR)

SeaCrest Wealth Management LLC grew its stake in Equinor ASA (NYSE:EQNR - Free Report) by 116.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,887 shares of the company's stock after acquiring an additional 19,317 shares during the quarter. SeaCrest Wealth Management LLC's holdings in Equinor ASA were worth $949,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EQNR. Charles Schwab Investment Management Inc. raised its stake in shares of Equinor ASA by 62.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company's stock worth $1,486,000 after purchasing an additional 24,090 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Equinor ASA in the fourth quarter worth $909,000. ABC Arbitrage SA purchased a new position in shares of Equinor ASA in the fourth quarter worth $9,043,000. Barclays PLC purchased a new position in shares of Equinor ASA in the fourth quarter worth $1,120,000. Finally, Folketrygdfondet raised its stake in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock worth $2,640,631,000 after purchasing an additional 4,300,472 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Up 1.0%

Equinor ASA stock opened at $24.47 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The stock has a market capitalization of $68.34 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.58 and a beta of 0.58. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $29.03. The business has a fifty day moving average price of $23.43 and a 200-day moving average price of $23.83.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued 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 20.33% and a net margin of 8.49%. The firm had revenue of $27.14 billion for the quarter, compared to analyst estimates of $27.16 billion. Equities research analysts forecast that Equinor ASA will post 3.46 EPS 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 paid a dividend of $0.304 per share. 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 4.97%. Equinor ASA's payout ratio is currently 46.84%.

Wall Street Analysts Forecast Growth

EQNR has been the subject of a number of research reports. Hsbc Global Res upgraded Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. Barclays cut Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Berenberg Bank cut Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective for the company. in a research report on Tuesday, May 20th. Morgan Stanley cut 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. Finally, HSBC upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock 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.

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