Rakuten Securities Inc. Has $32,000 Holdings in Equinor ASA (NYSE:EQNR)

Rakuten Securities Inc. cut its position in Equinor ASA (NYSE:EQNR - Free Report) by 94.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,347 shares of the company's stock after selling 24,608 shares during the quarter. Rakuten Securities Inc.'s holdings in Equinor ASA were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Folketrygdfondet boosted its position in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after acquiring an additional 4,300,472 shares during the period. ABC Arbitrage SA bought a new stake in Equinor ASA in the 4th quarter valued at $9,043,000. Drum Hill Capital LLC acquired a new stake in Equinor ASA in the 4th quarter worth $4,023,000. Public Employees Retirement System of Ohio bought a new position in shares of Equinor ASA during the 3rd quarter worth about $3,685,000. Finally, Wellington Management Group LLP raised its position in shares of Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock valued at $95,019,000 after buying an additional 132,157 shares during the last quarter. Institutional investors own 5.51% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on EQNR shares. Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.10.

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Equinor ASA Price Performance

Shares of Equinor ASA stock traded up $0.43 during trading on Monday, reaching $24.72. The company's stock had a trading volume of 2,354,408 shares, compared to its average volume of 3,461,084. The stock has a 50-day moving average price of $23.93 and a two-hundred day moving average price of $24.20. The stock has a market capitalization of $69.02 billion, a P/E ratio of 7.95, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a one year low of $21.85 and a one year high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, sell-side analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.66%. Equinor ASA's dividend payout ratio is 37.30%.

Equinor ASA Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.