Hollow Brook Wealth Management LLC Has $2.11 Million Stock Holdings in Equinor ASA (NYSE:EQNR)

Hollow Brook Wealth Management LLC lifted its stake in shares of Equinor ASA (NYSE:EQNR) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Princeton Global Asset Management LLC bought a new position in Equinor ASA in the fourth quarter valued at $43,000. SRS Capital Advisors Inc. lifted its stake in Equinor ASA by 558.9% in the third 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 Equinor ASA in the fourth quarter valued at $46,000. Planned Solutions Inc. acquired a new stake in Equinor ASA in the fourth quarter valued at $59,000. Finally, Blue Trust Inc. lifted its stake in Equinor ASA by 42.8% in the fourth 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. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded down $0.52 during midday trading on Tuesday, hitting $26.60. 3,904,841 shares of the company traded hands, compared to its average volume of 3,713,034. Equinor ASA has a 12 month low of $24.44 and a 12 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 cap of $83.03 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 7.98 and a beta of 0.85. The firm’s fifty day moving average price is $26.69 and its 200-day moving average price is $29.37.

Equinor ASA (NYSE:EQNR) last posted its 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 business had revenue of $29.05 billion for the quarter, compared to the consensus estimate of $27.35 billion. As a group, sell-side analysts forecast that Equinor ASA will post 3.37 earnings per share for the current year.

Equinor ASA Dividend Announcement

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

Analysts Set New Price Targets

EQNR has been the subject of a number of research reports. StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. TD Cowen initiated 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 for the company. Finally, Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. Three investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.25.

Equinor ASA 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.