Equinor ASA (NYSE:EQNR) Shares Acquired by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC lifted its holdings in shares of Equinor ASA (NYSE:EQNR) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,637 shares of the company’s stock after acquiring an additional 1,985 shares during the period. Hollow Brook Wealth Management LLC’s holdings in Equinor ASA were worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in EQNR. Princeton Global Asset Management LLC acquired a new stake in Equinor ASA in the fourth quarter worth approximately $43,000. SRS Capital Advisors Inc. lifted its position in shares of Equinor ASA by 558.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock valued at $44,000 after acquiring an additional 1,129 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Equinor ASA during the 4th quarter valued at $46,000. Planned Solutions Inc. acquired a new stake in shares of Equinor ASA during the 4th quarter valued at $59,000. Finally, Blue Trust Inc. lifted its position in shares of Equinor ASA by 42.8% during the 4th quarter. Blue Trust Inc. now owns 4,242 shares of the company’s stock valued at $139,000 after acquiring an additional 1,271 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Down 1.9 %

Shares of NYSE EQNR traded down $0.52 during mid-day trading on Tuesday, reaching $26.60. The company had a trading volume of 3,904,841 shares, compared to its average volume of 3,713,034. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73. 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 capitalization of $83.03 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 7.98 and a beta of 0.85. The stock’s 50 day moving average is $26.69 and its 200-day moving average is $29.37.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.44). Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The company had revenue of $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. As a group, equities analysts anticipate that Equinor ASA will post 3.37 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is presently 30.34%.

Analysts Set New Price Targets

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

About Equinor ASA

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.