Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

A number of other equities analysts have also recently issued reports on EQNR. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Price Performance

Shares of EQNR stock opened at $23.98 on Wednesday. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.45. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $24.00 and a 200 day simple moving average of $24.97. The company has a market cap of $66.98 billion, a P/E ratio of 7.36, a P/E/G ratio of 1.28 and a beta of 0.84.

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio is presently 35.89%.

Hedge Funds Weigh In On Equinor ASA

Several hedge funds and other institutional investors have recently bought and sold shares of EQNR. International Assets Investment Management LLC acquired a new position in Equinor ASA in the third quarter valued at approximately $1,933,000. Cetera Investment Advisers increased its holdings in Equinor ASA by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock worth $1,991,000 after purchasing an additional 24,052 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Equinor ASA in the 3rd quarter valued at $2,509,000. Truist Financial Corp raised its position in shares of Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after purchasing an additional 1,167 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Equinor ASA by 52.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock valued at $2,183,000 after buying an additional 29,516 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Company Profile

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.