Arete Wealth Advisors LLC Acquires Shares of 8,368 Equinor ASA (NYSE:EQNR)

Arete Wealth Advisors LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNRGet Rating) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 8,368 shares of the company’s stock, valued at approximately $314,000.

Other large investors have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted its position in Equinor ASA by 378.4% during the 1st quarter. JFS Wealth Advisors LLC now owns 842 shares of the company’s stock valued at $32,000 after acquiring an additional 666 shares in the last quarter. Evoke Wealth LLC boosted its position in shares of Equinor ASA by 2,643.5% in the 4th quarter. Evoke Wealth LLC now owns 1,262 shares of the company’s stock worth $33,000 after purchasing an additional 1,216 shares in the last quarter. Channing Global Advisors LLC bought a new stake in shares of Equinor ASA in the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC bought a new stake in shares of Equinor ASA in the 4th quarter worth approximately $57,000. Finally, CWM LLC boosted its position in shares of Equinor ASA by 118.1% in the 1st quarter. CWM LLC now owns 1,529 shares of the company’s stock worth $57,000 after purchasing an additional 828 shares in the last quarter. 5.66% of the stock is owned by institutional investors.

Equinor ASA Price Performance

Shares of EQNR opened at $36.41 on Friday. Equinor ASA has a 1-year low of $19.70 and a 1-year high of $39.15. The firm has a fifty day simple moving average of $35.15 and a two-hundred day simple moving average of $34.16. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $118.20 billion, a PE ratio of 7.22, a P/E/G ratio of 0.12 and a beta of 1.00.

Equinor ASA (NYSE:EQNRGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. The firm had revenue of $36.05 billion during the quarter. On average, equities analysts anticipate that Equinor ASA will post 6.14 EPS for the current year.

Equinor ASA Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a dividend of $0.345 per share. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, August 11th. Equinor ASA’s payout ratio is 11.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Societe Generale cut Equinor ASA from a “buy” rating to a “hold” rating in a research report on Friday, May 20th. StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 7th. DNB Markets upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. UBS Group boosted their price objective on shares of Equinor ASA from 315.00 to 330.00 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Finally, Royal Bank of Canada lowered shares of Equinor ASA from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $320.00 to $330.00 in a report on Monday, May 9th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $243.67.

Equinor ASA Profile

(Get Rating)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.

See Also

Institutional Ownership by Quarter for Equinor ASA (NYSE:EQNR)

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