The Wall Street Journal reports that Equinor ASA (NYSE: EQNR) disbursed its quarterly dividend on December 15, as stated by the information made available by the company. On January 25, shareholders recorded as owning shares as of Tuesday, January 10, will be eligible to receive dividend payments of 0.20 cents per share. These payments will be distributed. This results in a yield of 2.16% and a dividend payment of $0.80 per year, both of which are consequences of this situation. On January 9 of this year, a decision will be made regarding the distribution of this dividend.
Equinor ASA has a dividend payout ratio of 12.3%, which indicates that the company generates sufficient revenue to cover its dividend payment. This is the case because the company has a positive cash flow. With expected earnings per share of $7.49 and a future payout ratio of 10.7%, Equinor ASA can keep its annual dividend payment at $0.80 per share.
Equinor ASA’s share price experienced a decrease of $0.12 on Thursday, bringing it to a price of $36.97 per share. The number of shares that changed hands during the trading session for the company was 1,724,491, which is significantly less than its typical volume of 3,668,231 shares. As a result of its price-to-earnings ratio of 4.85 and its beta value of 1.03, its current market value is calculated to be $120.01 billion. During the previous year, the price of Equinor ASA fluctuated between $25.67 and $42.53 at various points, reaching a low of $25.67 and a high of $42.53. All the financial ratios, including the debt-to-equity ratio, current, and quick ratio, all equal 0.60. 1.66 is the value of the current ratio, and 1.52 is the value of the quick ratio. The stock’s moving average price over the past 200 days is $35.85, and the moving average price over the last 50 days is $35.78.
During the previous few months, several hedge funds and other types of institutional investors modified the processes by which they invested in the company. B. Riley Wealth Advisors Inc. increased the amount of Equinor ASA stock owned by 6.4% during the third quarter. B. Riley Wealth Advisors Inc. now has 19,315 shares after purchasing 1,169 additional shares during the most recent quarter. The company’s shares are currently valued at a combined total of $640,000. Through the third quarter, Captrust Financial Advisors increased the proportion of Equinor ASA stock owned by 4.4%. The most recent quarter saw Captrust Financial Advisors make a new purchase of 427 shares. As a result, the firm now owns 10,172 shares, which have a value of $337,000. A 1.4% increase in the proportion of Equinor ASA shares that Baird Financial Group Inc. owned as of the end of the third quarter was reflected in that company’s ownership percentage. After making a new purchase of 1,730 shares during the most recent fiscal quarter, Baird Financial Group Inc. now owns a total of 121,320 shares. Based on the current market price, these shares are worth $4,017,000. Mercer Global Advisors Inc. ADV increased the amount of Equinor ASA stock owned by 2.0% over the third quarter. At the moment, Mercer Global Advisors Inc. (ADV) is the direct owner of 76,965 of the company’s shares. After the purchase of 1,473 additional shares during the most recent quarter, the total value of these shares is now $2,548,000. This brings the total number of shares owned by the investor to 2,548,000. During the third quarter, Price T. Rowe Associates Inc., MD, acquired a new position in Equinor ASA, which had a value of approximately $6,592,000 at the time of the acquisition. This was the last and most significant point to be made. Institutional investors such as hedge funds and other types hold a total of 5.41% of the company’s shares.
Research analysts have focused on EQNR and conducted several studies on the topic. Societe Generale published a research report on Equinor ASA shares on Tuesday, November 1, in which they announced an increase in their price objective for the shares from 345.00 to 360.00. In a research report that was made public on November 10, DNB Markets changed the “buy” rating that they had previously given to Equinor ASA to a “hold” rating. Previously, they had given it a “buy” rating. JPMorgan Chase & Co. lowered their price objective for Equinor ASA from $380.00 to $370.00 in a research report made available to the general public on Monday, December 5. A research report on the company Equinor ASA published on November 19 by StockNews.com indicated that the publication would recommend a “buy” rating rather than a “strong-buy” recommendation for the company’s stock. In a research note released on Tuesday, November 8, Morgan Stanley raised their price objective on shares of Equinor ASA from 304.00 to 340.00. Three equity research analysts have recommended selling the stock; thirteen analysts have given the stock a rating of “hold,” and three analysts have given the stock a rating of “buy.” The data on Bloomberg.com indicates that the current consensus price objective for Equinor ASA is $287.22. The information from that website indicates that the current rating for Equinor ASA is “Hold.”
The Norwegian and international operations of the energy company Equinor ASA include prospecting for oil, the production of oil and oil-derived products, the transportation of crude oil and oil-derived products for refining, and the distribution of crude oil and oil-derived products. Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream and Processing, Renewables, and Others are the company’s operating segments.