Equinor ASA (NYSE:EQNR) Lowered to “Hold” at DZ Bank

DZ Bank lowered shares of Equinor ASA (NYSE:EQNRFree Report) from a buy rating to a hold rating in a report published on Thursday morning, Marketbeat reports.

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.

Get Our Latest Stock Report on EQNR

Equinor ASA Price Performance

Shares of EQNR stock opened at $27.06 on Thursday. Equinor ASA has a 1-year low of $25.23 and a 1-year high of $34.73. The stock’s 50-day moving average is $30.30 and its 200 day moving average is $31.48. The company has a market cap of $84.48 billion, a P/E ratio of 4.88 and a beta of 0.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.80 and a quick ratio of 1.66.

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

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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.

Further Reading

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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