Equinor ASA (EQNR) Announces $0.23 Special Dividend

Equinor ASA (NYSE:EQNR) declared a special dividend on Wednesday, October 17th, Wall Street Journal reports. Shareholders of record on Wednesday, November 21st will be paid a dividend of 0.23 per share on Friday, November 30th. This represents a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, November 20th.

Shares of Equinor ASA stock opened at $27.05 on Thursday. The firm has a market capitalization of $93.71 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.13 and a current ratio of 1.30. Equinor ASA has a 52 week low of $19.74 and a 52 week high of $28.93.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The company had revenue of $18.14 billion for the quarter. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. On average, equities analysts expect that Equinor ASA will post 1.87 EPS for the current fiscal year.

Several brokerages have commented on EQNR. Zacks Investment Research raised Equinor ASA from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research report on Tuesday. Bank of America raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Friday, October 5th. Barclays raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, September 11th. Berenberg Bank began coverage on Equinor ASA in a research report on Tuesday, September 11th. They issued a “hold” rating on the stock. Finally, Credit Suisse Group downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 19th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.00.

A hedge fund recently bought a new stake in Equinor ASA stock. Bank of New York Mellon Corp purchased a new position in shares of Equinor ASA (NYSE:EQNR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69,885 shares of the company’s stock, valued at approximately $1,846,000. Hedge funds and other institutional investors own 5.17% of the company’s stock.

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 USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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