Other equities research analysts also recently issued research reports about the company. TD Cowen began coverage on Equinor ASA in a research report on Wednesday, January 10th. They set a market perform rating and a $28.00 price objective on the stock. Bank of America raised Equinor ASA from a neutral rating to a buy rating in a report on Thursday, December 7th. Royal Bank of Canada downgraded Equinor ASA from an outperform rating to a sector perform rating in a report on Tuesday, December 19th. Jefferies Financial Group cut Equinor ASA from a hold rating to an underperform rating in a research note on Wednesday, November 29th. Finally, Morgan Stanley cut Equinor ASA from an equal weight rating to an underweight rating in a research note on Friday, January 5th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Equinor ASA currently has an average rating of Hold and a consensus price target of $28.00.
Equinor ASA Price Performance
Equinor ASA Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.43%. The ex-dividend date is Wednesday, February 14th. Equinor ASA’s dividend payout ratio is currently 18.41%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. purchased a new position in Equinor ASA during the fourth quarter valued at approximately $30,000. Glassman Wealth Services raised its position in Equinor ASA by 89.5% during the second quarter. Glassman Wealth Services now owns 1,114 shares of the company’s stock valued at $33,000 after acquiring an additional 526 shares in the last quarter. BNP Paribas Financial Markets raised its position in Equinor ASA by 66.4% during the fourth quarter. BNP Paribas Financial Markets now owns 1,271 shares of the company’s stock valued at $40,000 after acquiring an additional 507 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $41,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $43,000. 5.38% of the stock is currently owned by hedge funds and other institutional investors.
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.
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