Epoch Investment Partners Inc. trimmed its position in Statoil ASA (NYSE:STO) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,699 shares of the oil and gas company’s stock after selling 1,946 shares during the period. Epoch Investment Partners Inc.’s holdings in Statoil ASA were worth $574,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in STO. Renaissance Technologies LLC boosted its position in Statoil ASA by 36.1% in the second quarter. Renaissance Technologies LLC now owns 6,330,576 shares of the oil and gas company’s stock worth $104,644,000 after purchasing an additional 1,680,032 shares during the last quarter. Sei Investments Co. boosted its position in Statoil ASA by 93.8% in the second quarter. Sei Investments Co. now owns 2,010,897 shares of the oil and gas company’s stock worth $33,241,000 after purchasing an additional 973,529 shares during the last quarter. Bank of America Corp DE boosted its position in Statoil ASA by 40.0% in the first quarter. Bank of America Corp DE now owns 3,344,260 shares of the oil and gas company’s stock worth $57,455,000 after purchasing an additional 955,727 shares during the last quarter. Credit Suisse AG boosted its position in Statoil ASA by 304.5% in the first quarter. Credit Suisse AG now owns 490,858 shares of the oil and gas company’s stock worth $8,433,000 after purchasing an additional 369,501 shares during the last quarter. Finally, UBS Group AG boosted its position in Statoil ASA by 33.2% in the first quarter. UBS Group AG now owns 615,043 shares of the oil and gas company’s stock worth $10,567,000 after purchasing an additional 153,204 shares during the last quarter. 5.02% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have issued reports on STO shares. Scotiabank reissued a “hold” rating and issued a $17.00 target price on shares of Statoil ASA in a research report on Friday, June 9th. BidaskClub raised Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Societe Generale cut Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Statoil ASA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Finally, Barclays PLC downgraded Statoil ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.00.

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Statoil ASA (NYSE STO) opened at 20.09 on Friday. The stock has a 50 day moving average price of $18.82 and a 200 day moving average price of $17.60. Statoil ASA has a 1-year low of $15.12 and a 1-year high of $20.13. The company’s market cap is $65.05 billion.

Statoil ASA Company Profile

Statoil ASA (Statoil) is an energy company. The Company is engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company’s upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids.

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Institutional Ownership by Quarter for Statoil ASA (NYSE:STO)

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