Shares of Equinor ASA (NYSE:EQNR – Get Rating) have been assigned a consensus recommendation of "Hold" from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $287.22.
A number of analysts have issued reports on EQNR shares. JPMorgan Chase & Co. decreased their price target on Equinor ASA from 380.00 to 370.00 in a research note on Monday. DNB Markets downgraded Equinor ASA from a "buy" rating to a "hold" rating in a report on Thursday, November 10th. StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 19th. Societe Generale raised their price objective on Equinor ASA from 345.00 to 360.00 in a report on Tuesday, November 1st. Finally, Morgan Stanley raised their price objective on Equinor ASA from 304.00 to 342.00 in a report on Tuesday, November 8th.
Get Equinor ASA alerts:Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in EQNR. Folketrygdfondet boosted its position in Equinor ASA by 2,429.4% during the 2nd quarter. Folketrygdfondet now owns 112,499,219 shares of the company's stock valued at $3,910,473,000 after purchasing an additional 108,051,631 shares during the period. Balyasny Asset Management LLC acquired a new position in Equinor ASA during the 3rd quarter valued at approximately $146,540,000. Arrowstreet Capital Limited Partnership boosted its position in Equinor ASA by 42.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company's stock valued at $382,086,000 after purchasing an additional 3,052,907 shares during the period. Renaissance Technologies LLC acquired a new position in Equinor ASA during the 1st quarter valued at approximately $55,819,000. Finally, Point72 Asset Management L.P. acquired a new position in Equinor ASA during the 3rd quarter valued at approximately $48,405,000. Institutional investors and hedge funds own 5.41% of the company's stock.
Equinor ASA Stock Up 0.1 %
Shares of NYSE:EQNR opened at $36.01 on Friday. The stock's 50-day moving average price is $35.61 and its two-hundred day moving average price is $35.85. The company has a current ratio of 1.66, a quick ratio of 1.52 and a debt-to-equity ratio of 0.60. Equinor ASA has a 12-month low of $25.29 and a 12-month high of $42.53. The firm has a market cap of $116.90 billion, a price-to-earnings ratio of 4.75 and a beta of 1.03.Equinor ASA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th were given a $0.52 dividend. This is a positive change from Equinor ASA's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $2.08 annualized dividend and a dividend yield of 5.78%. Equinor ASA's dividend payout ratio (DPR) is presently 8.97%.
About Equinor ASA
(Get Rating)
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.
Featured Stories
- Get a free copy of the StockNews.com research report on Equinor ASA (EQNR)
- This Is Why Daktronics Fell 40% In One Day
- Is It Time To Throw In The Towel On Gamestop?
- Why You Should Avoid Carvana Even if it Avoids Bankruptcy
- Are Investors Hearing The End Of Spotify's Downtrend?
- The Question of a Fed Pivot Isn't If, It's When, Here's Why
Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.