1,432 Shares in Equinor ASA (NYSE:EQNR) Purchased by Synergy Asset Management LLC

Synergy Asset Management LLC bought a new stake in shares of Equinor ASA (NYSE:EQNR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,432 shares of the company’s stock, valued at approximately $36,000.

Several other large investors have also modified their holdings of EQNR. R Squared Ltd bought a new position in shares of Equinor ASA during the fourth quarter valued at approximately $48,000. Union Bancaire Privee UBP SA bought a new stake in Equinor ASA during the 4th quarter valued at $115,000. Blue Trust Inc. increased its holdings in shares of Equinor ASA by 42.1% in the 4th quarter. Blue Trust Inc. now owns 43,808 shares of the company’s stock valued at $1,110,000 after acquiring an additional 12,982 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Equinor ASA by 24.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,684 shares of the company’s stock worth $395,000 after acquiring an additional 3,313 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new stake in shares of Equinor ASA during the 4th quarter worth $245,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Trading Down 0.3 %

Shares of Equinor ASA stock opened at $23.98 on Friday. The firm’s 50 day simple moving average is $24.00 and its two-hundred day simple moving average is $24.97. The firm has a market capitalization of $66.98 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.28 and a beta of 0.84. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.45. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 5.84%. Equinor ASA’s dividend payout ratio (DPR) is 35.89%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.45.

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.