17,013 Shares in Equinor ASA (NYSE:EQNR) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in Equinor ASA (NYSE:EQNR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,013 shares of the company's stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Equinor ASA in the 4th quarter worth $909,000. ABC Arbitrage SA bought a new position in shares of Equinor ASA during the 4th quarter worth $9,043,000. Barclays PLC bought a new position in shares of Equinor ASA during the 4th quarter worth $1,120,000. Finally, Folketrygdfondet increased its stake in shares of Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after buying an additional 4,300,472 shares during the period. Hedge funds and other institutional investors own 5.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EQNR. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Redburn Atlantic cut shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd. Barclays downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Berenberg Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective for the company. in a research note on Tuesday, May 20th. Finally, TD Cowen lowered their target price on Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.71.

Equinor ASA Stock Up 1.7%

Shares of EQNR stock traded up $0.47 during trading hours on Tuesday, reaching $28.09. 3,068,580 shares of the company's stock were exchanged, compared to its average volume of 3,657,688. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.03. The stock has a market cap of $78.45 billion, a PE ratio of 8.89, a PEG ratio of 0.70 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 stock's fifty day moving average price is $23.82 and its two-hundred day moving average price is $23.93.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its 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). 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 18.44% and a net margin of 8.07%. Research analysts predict that Equinor ASA will post 3.46 EPS 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 issued a dividend of $0.304 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Friday, May 16th. Equinor ASA's dividend payout ratio (DPR) is presently 38.61%.

Equinor ASA 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.