Statoil ASA (NYSE:STO) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC raised its position in Statoil ASA (NYSE:STO) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,266 shares of the oil and gas company’s stock after buying an additional 2,998 shares during the period. Global X Management Co. LLC’s holdings in Statoil ASA were worth $947,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Folketrygdfondet raised its stake in shares of Statoil ASA by 0.9% in the first quarter. Folketrygdfondet now owns 119,174,942 shares of the oil and gas company’s stock worth $2,047,426,000 after buying an additional 1,086,176 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Statoil ASA by 6.2% in the first quarter. Renaissance Technologies LLC now owns 4,650,544 shares of the oil and gas company’s stock worth $79,896,000 after buying an additional 273,444 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 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 buying an additional 955,727 shares during the last quarter. Sei Investments Co. raised its stake in shares of 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 buying an additional 973,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Statoil ASA by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 991,165 shares of the oil and gas company’s stock worth $17,029,000 after buying an additional 70,232 shares during the last quarter. 4.97% of the stock is currently owned by hedge funds and other institutional investors.
Statoil ASA (NYSE STO) opened at 18.24 on Tuesday. The stock’s market capitalization is $59.06 billion. Statoil ASA has a 12-month low of $14.98 and a 12-month high of $19.26. The stock has a 50 day moving average price of $17.56 and a 200-day moving average price of $17.43.
The company also recently announced a dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, August 10th were paid a $0.22 dividend. The ex-dividend date was Tuesday, August 8th. Statoil ASA’s dividend payout ratio (DPR) is currently -291.65%.
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STO has been the topic of a number of research analyst reports. Scotiabank set a $17.00 price target on Statoil ASA and gave the stock a “hold” rating in a research note on Monday, May 8th. Zacks Investment Research lowered Statoil ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Simmons raised their price target on Statoil ASA from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Statoil ASA in a research note on Monday, May 15th. Finally, BidaskClub raised Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Statoil ASA presently has a consensus rating of “Hold” and an average target price of $18.67.
About Statoil ASA
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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