Wealth Enhancement Advisory Services LLC bought a new position in Equinor ASA (NYSE:EQNR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,013 shares of the company's stock, valued at approximately $403,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Equinor ASA by 62.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,732 shares of the company's stock worth $1,486,000 after buying an additional 24,090 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Equinor ASA in the 4th quarter worth approximately $909,000. ABC Arbitrage SA purchased a new stake in Equinor ASA in the 4th quarter worth approximately $9,043,000. Barclays PLC purchased a new stake in Equinor ASA in the 4th quarter worth approximately $1,120,000. Finally, Folketrygdfondet lifted its position in Equinor ASA by 4.0% in the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock worth $2,640,631,000 after buying an additional 4,300,472 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on EQNR shares. TD Cowen cut their target price on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Royal Bank of Canada lowered shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, April 22nd. Barclays lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. restated a "neutral" rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Finally, Redburn Atlantic lowered shares of Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. 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 MarketBeat, Equinor ASA currently has an average rating of "Hold" and a consensus price target of $22.71.
Get Our Latest Research Report on Equinor ASA
Equinor ASA Stock Performance
NYSE:EQNR opened at $27.77 on Friday. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.03. The firm's fifty day simple moving average is $23.62 and its 200 day simple moving average is $23.88. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $77.57 billion, a PE ratio of 8.93, a PEG ratio of 0.58 and a beta of 0.57.
Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) 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 return on equity of 20.33% and a net margin of 8.49%. On average, sell-side analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.
Equinor ASA Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders 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 dividend yield of 4.38%. The ex-dividend date was Friday, May 16th. Equinor ASA's payout ratio is 46.84%.
Equinor ASA Profile
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Free Report)
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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