Equinor ASA (EQNR) Declares Quarterly Dividend of $0.26

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Monday, May 20th will be given a dividend of 0.26 per share on Tuesday, May 28th. This represents a $1.04 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, May 17th.

Equinor ASA stock opened at $21.11 on Friday. The company has a market cap of $70.27 billion, a PE ratio of 10.45 and a beta of 0.90. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Equinor ASA has a 1 year low of $19.95 and a 1 year high of $28.93.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. The firm had revenue of $16.41 billion for the quarter. Equinor ASA had a net margin of 10.46% and a return on equity of 15.79%. As a group, analysts anticipate that Equinor ASA will post 1.81 earnings per share for the current fiscal year.

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

A hedge fund recently raised its stake in Equinor ASA stock. Geode Capital Management LLC increased its holdings in Equinor ASA (NYSE:EQNR) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,919 shares of the company’s stock after purchasing an additional 5,424 shares during the period. Geode Capital Management LLC’s holdings in Equinor ASA were worth $1,161,000 at the end of the most recent quarter. 5.43% of the stock is currently owned by hedge funds and other institutional investors.

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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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