Equinor ASA (NYSE:EQNR) Plans Quarterly Dividend of $0.39

Equinor ASA (NYSE:EQNR) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, November 16th will be given a dividend of 0.39 per share on Wednesday, November 25th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, November 16th.

Equinor ASA has raised its dividend payment by an average of 0.2%per year over the last three years. Equinor ASA has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equinor ASA to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 32.8%.

Equinor ASA Stock Down 4.6%

EQNR stock opened at $38.48 on Tuesday. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46. The company has a market capitalization of $113.32 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 2.70 and a beta of 0.06. The firm’s 50-day moving average is $35.67 and its two-hundred day moving average is $34.14. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. The company had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. On average, analysts forecast that Equinor ASA will post 4.85 earnings per share for the current fiscal year.

Institutional Trading of Equinor ASA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL grew its position in Equinor ASA by 2.7% in the fourth quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock worth $351,000 after buying an additional 389 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Equinor ASA by 1.1% during the 3rd quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock valued at $952,000 after acquiring an additional 437 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Equinor ASA by 5.4% during the 4th quarter. TD Asset Management Inc now owns 9,711 shares of the company’s stock worth $229,000 after acquiring an additional 501 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Equinor ASA by 4.5% in the 1st quarter. Inspire Investing LLC now owns 11,657 shares of the company’s stock worth $492,000 after acquiring an additional 503 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Equinor ASA by 20.6% in the 4th quarter. CWM LLC now owns 3,051 shares of the company’s stock worth $72,000 after acquiring an additional 522 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.