Equinor ASA (NYSE:EQNR) Shares Gap Up to $33.75

Shares of Equinor ASA (NYSE:EQNRGet Rating) gapped up prior to trading on Tuesday . The stock had previously closed at $33.75, but opened at $34.91. Equinor ASA shares last traded at $34.94, with a volume of 32,327 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EQNR shares. Morgan Stanley raised their price target on Equinor ASA from 304.00 to 342.00 in a research note on Tuesday, November 8th. Societe Generale raised their price target on Equinor ASA from 345.00 to 360.00 in a research note on Tuesday, November 1st. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 19th. DNB Markets downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, November 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Equinor ASA from 354.00 to 376.00 and gave the company a “hold” rating in a research report on Monday, October 31st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and an average price target of $288.45.

Equinor ASA Trading Up 1.4 %

The company has a quick ratio of 1.52, a current ratio of 1.66 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $34.98 and a 200 day simple moving average of $35.63. The firm has a market capitalization of $116.80 billion, a P/E ratio of 4.75 and a beta of 1.02.

Equinor ASA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, November 10th. This is a boost from Equinor ASA’s previous quarterly dividend of $0.20. This represents a $2.08 dividend on an annualized basis and a yield of 5.78%. Equinor ASA’s dividend payout ratio (DPR) is currently 8.97%.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently made changes to their positions in the company. Financial Gravity Asset Management Inc. increased its holdings in shares of Equinor ASA by 867.1% in the second quarter. Financial Gravity Asset Management Inc. now owns 735 shares of the company’s stock worth $4,648,000 after purchasing an additional 659 shares during the last quarter. Guardian Wealth Advisors LLC bought a new stake in shares of Equinor ASA in the third quarter worth about $25,000. Trust Co. of Vermont bought a new stake in shares of Equinor ASA in the second quarter worth about $27,000. Trustcore Financial Services LLC increased its holdings in shares of Equinor ASA by 1,877.8% in the third quarter. Trustcore Financial Services LLC now owns 890 shares of the company’s stock worth $29,000 after purchasing an additional 845 shares during the last quarter. Finally, Tcwp LLC bought a new stake in shares of Equinor ASA in the first quarter worth about $36,000. 5.41% of the stock is owned by institutional investors.

Equinor ASA Company Profile

(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.

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