Laird Norton Wetherby Wealth Management LLC Decreases Stake in Equinor ASA (NYSE:EQNR)

Laird Norton Wetherby Wealth Management LLC lessened its position in shares of Equinor ASA (NYSE:EQNR) by 32.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,092 shares of the company’s stock after selling 10,203 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Equinor ASA were worth $500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQNR. JPMorgan Chase & Co. grew its holdings in Equinor ASA by 11.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 94,267 shares of the company’s stock worth $2,388,000 after acquiring an additional 9,512 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Equinor ASA by 60.1% in the 4th quarter. Ritholtz Wealth Management now owns 157,810 shares of the company’s stock valued at $3,739,000 after buying an additional 59,254 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Equinor ASA in the 4th quarter valued at $61,000. Ballentine Partners LLC acquired a new position in shares of Equinor ASA in the 4th quarter valued at $245,000. Finally, Linden Thomas Advisory Services LLC boosted its holdings 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 valued at $395,000 after buying an additional 3,313 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

EQNR has been the subject of a number of recent research reports. Redburn Atlantic cut shares of Equinor ASA from a “buy” rating to a “sell” rating in a research note on Wednesday, April 23rd. Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Finally, HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Equinor ASA has a consensus rating of “Moderate Buy” and a consensus price target of $20.85.

Equinor ASA Trading Up 0.8%

Shares of EQNR stock opened at $23.55 on Friday. The stock has a market cap of $65.77 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32. The firm’s 50 day moving average price is $23.87 and its two-hundred day moving average price is $23.78.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. The firm had revenue of $27.14 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be paid a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a yield of 5.16%. The ex-dividend date is Friday, May 16th. Equinor ASA’s dividend payout ratio (DPR) is 38.29%.

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.