Other research analysts have also issued reports about the stock. Morgan Stanley reissued an equal weight rating on shares of Equinor ASA in a research note on Monday, July 19th. Zacks Investment Research lowered shares of Equinor ASA from a buy rating to a hold rating and set a $21.00 target price on the stock. in a research note on Monday, August 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Equinor ASA from a buy rating to a hold rating in a research note on Thursday, September 16th. HSBC set a $19.76 price objective on shares of Equinor ASA and gave the company a hold rating in a research note on Thursday, July 22nd. Finally, Barclays reaffirmed an equal weight rating on shares of Equinor ASA in a research note on Wednesday, June 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $25.69.
EQNR opened at $24.07 on Thursday. Equinor ASA has a twelve month low of $12.11 and a twelve month high of $24.66. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $21.25 and a 200-day moving average of $20.95. The stock has a market cap of $78.14 billion, a PE ratio of -104.65, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Thursday, August 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 11th. This represents a $0.72 annualized dividend and a yield of 2.99%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.12. Equinor ASA’s payout ratio is currently 159.26%.
A number of institutional investors have recently made changes to their positions in EQNR. Bank of America Corp DE lifted its position in Equinor ASA by 43.0% during the second quarter. Bank of America Corp DE now owns 8,480,028 shares of the company’s stock valued at $179,776,000 after purchasing an additional 2,548,646 shares during the last quarter. Optiver Holding B.V. bought a new stake in Equinor ASA during the first quarter valued at approximately $30,204,000. Bank of Montreal Can lifted its position in Equinor ASA by 15,962.5% during the second quarter. Bank of Montreal Can now owns 1,396,155 shares of the company’s stock valued at $29,598,000 after purchasing an additional 1,387,463 shares during the last quarter. BlackRock Inc. lifted its position in Equinor ASA by 20.5% during the second quarter. BlackRock Inc. now owns 7,345,824 shares of the company’s stock valued at $155,732,000 after purchasing an additional 1,248,613 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Equinor ASA by 118.5% during the second quarter. Van ECK Associates Corp now owns 2,107,710 shares of the company’s stock valued at $44,683,000 after purchasing an additional 1,143,210 shares during the last quarter. Institutional investors and hedge funds own 5.40% of the company’s stock.
Equinor ASA Company Profile
Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.
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