Equinor ASA (EQNR) Increases Dividend to $0.26 Per Share

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Wednesday, February 6th, NASDAQ reports. Investors of record on Monday, May 20th will be given a dividend of 0.26 per share on Wednesday, May 29th. This represents a $1.04 annualized dividend and a yield of 4.93%. The ex-dividend date is Friday, May 17th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.23.

NYSE EQNR opened at $21.11 on Friday. Equinor ASA has a one year low of $19.95 and a one year high of $28.93. The stock has a market capitalization of $70.27 billion, a P/E ratio of 10.45 and a beta of 0.90. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.59.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $16.41 billion during the quarter. Equinor ASA had a return on equity of 15.79% and a net margin of 10.46%. On average, sell-side analysts expect that Equinor ASA will post 1.81 EPS for the current year.



A hedge fund recently raised its stake in Equinor ASA stock. Geode Capital Management LLC lifted its stake in shares of Equinor ASA (NYSE:EQNR) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,919 shares of the company’s stock after acquiring an additional 5,424 shares during the quarter. Geode Capital Management LLC’s holdings in Equinor ASA were worth $1,161,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.43% of the company’s stock.

A number of equities research analysts have issued reports on EQNR shares. Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Zacks Investment Research upgraded Equinor ASA from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Macquarie downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 14th. Piper Jaffray Companies downgraded Equinor ASA from an “overweight” rating to a “neutral” rating in a research note on Monday, February 11th. Finally, ValuEngine downgraded Equinor ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $26.36.

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About Equinor ASA

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Dividend History for Equinor ASA (NYSE:EQNR)

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