Capital Wealth Planning LLC Purchases 30,883 Shares of Equinor ASA (NYSE:EQNR)

Capital Wealth Planning LLC boosted its stake in Equinor ASA (NYSE:EQNR - Free Report) by 261.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,675 shares of the company's stock after purchasing an additional 30,883 shares during the period. Capital Wealth Planning LLC's holdings in Equinor ASA were worth $1,350,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EQNR. Principal Securities Inc. acquired a new stake in shares of Equinor ASA in the fourth quarter valued at about $30,000. Avalon Trust Co purchased a new position in shares of Equinor ASA in the fourth quarter valued at $41,000. Princeton Global Asset Management LLC acquired a new stake in Equinor ASA during the 4th quarter valued at $43,000. SRS Capital Advisors Inc. increased its stake in Equinor ASA by 558.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company's stock worth $44,000 after buying an additional 1,129 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Equinor ASA in the 4th quarter worth $46,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded down $0.07 during trading on Thursday, reaching $28.00. The stock had a trading volume of 2,602,927 shares, compared to its average volume of 3,647,945. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The stock has a market cap of $87.40 billion, a PE ratio of 8.69, a P/E/G ratio of 3.45 and a beta of 0.85. Equinor ASA has a one year low of $24.44 and a one year high of $34.73. The firm's 50 day moving average price is $27.31 and its two-hundred day moving average price is $28.95.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 4.29%. Equinor ASA's payout ratio is 30.34%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EQNR shares. TD Cowen started coverage on Equinor ASA in a research report on Wednesday, April 24th. They set a "hold" rating and a $28.00 target price on the stock. DZ Bank lowered Equinor ASA from a "buy" rating to a "hold" rating in a research report on Thursday, February 8th. StockNews.com raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd. Finally, Morgan Stanley raised shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $26.40 to $28.50 in a report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $28.25.

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.