Synergy Asset Management LLC Invests $36,000 in Equinor ASA (NYSE:EQNR)

Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA (NYSE:EQNR) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,432 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds also recently made changes to their positions in the stock. Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA during the third quarter worth about $31,000. Bruce G. Allen Investments LLC boosted its stake in Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares during the period. R Squared Ltd purchased a new stake in Equinor ASA during the 4th quarter valued at approximately $48,000. Brooklyn Investment Group bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after purchasing an additional 543 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued 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 Trading Down 0.3 %

Shares of EQNR opened at $23.98 on Friday. 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. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.45. The company has a 50-day moving average of $24.00 and a 200 day moving average of $24.97.

Equinor ASA Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 5.84%. Equinor ASA’s dividend payout ratio (DPR) is currently 35.89%.

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.