Wealth Enhancement Advisory Services LLC Sells 2,564 Shares of Equinor ASA (NYSE:EQNR)

Wealth Enhancement Advisory Services LLC lessened its stake in Equinor ASA (NYSE:EQNR) by 15.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,449 shares of the company’s stock after selling 2,564 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Equinor ASA were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EQNR. Ipswich Investment Management Co. Inc. raised its position in Equinor ASA by 2.1% in the first quarter. Ipswich Investment Management Co. Inc. now owns 61,896 shares of the company’s stock worth $1,637,000 after purchasing an additional 1,246 shares in the last quarter. Elevation Point Wealth Partners LLC raised its position in Equinor ASA by 119.8% in the first quarter. Elevation Point Wealth Partners LLC now owns 22,677 shares of the company’s stock worth $600,000 after purchasing an additional 12,359 shares in the last quarter. Sarasin & Partners LLP raised its position in Equinor ASA by 35.0% in the first quarter. Sarasin & Partners LLP now owns 547,576 shares of the company’s stock worth $13,870,000 after purchasing an additional 141,949 shares in the last quarter. GAMMA Investing LLC raised its position in Equinor ASA by 36.4% in the first quarter. GAMMA Investing LLC now owns 2,355 shares of the company’s stock worth $62,000 after purchasing an additional 629 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in Equinor ASA by 34.1% in the first quarter. Bruce G. Allen Investments LLC now owns 2,188 shares of the company’s stock worth $58,000 after purchasing an additional 556 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Down 1.4%

EQNR stock opened at $25.54 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.50. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.29. The stock has a market capitalization of $71.31 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.68 and a beta of 0.58. The firm’s fifty day simple moving average is $24.57 and its two-hundred day simple moving average is $24.17.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Equinor ASA had a net margin of 8.07% and a return on equity of 18.44%. The firm had revenue of $27.14 billion for the quarter, compared to the consensus estimate of $27.16 billion. As a group, analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th were given a dividend of $0.304 per share. This represents a $1.22 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is 38.61%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EQNR. Royal Bank Of Canada cut shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, April 22nd. TD Cowen reduced their price target on shares of Equinor ASA from $22.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday, May 2nd. Berenberg Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating and set a $26.44 price target on the stock. in a research report on Tuesday, May 20th. Redburn Atlantic cut shares of Equinor ASA from a “buy” rating to a “sell” rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley cut shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target on the stock. in a research report on Monday, May 12th. Five analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.71.

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.