Statoil ASA (STO) Position Trimmed by Stevens Capital Management LP
Stevens Capital Management LP cut its holdings in shares of Statoil ASA (NYSE:STO) by 61.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,326 shares of the oil and gas company’s stock after selling 24,608 shares during the quarter. Stevens Capital Management LP’s holdings in Statoil ASA were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of STO. Bank of New York Mellon Corp boosted its stake in Statoil ASA by 24.6% in the 1st quarter. Bank of New York Mellon Corp now owns 78,970 shares of the oil and gas company’s stock worth $1,356,000 after buying an additional 15,570 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Statoil ASA by 5.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 558,320 shares of the oil and gas company’s stock valued at $9,592,000 after buying an additional 26,550 shares during the period. TD Asset Management Inc. increased its stake in shares of Statoil ASA by 18.7% during the 1st quarter. TD Asset Management Inc. now owns 70,675 shares of the oil and gas company’s stock valued at $1,214,000 after acquiring an additional 11,145 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Statoil ASA by 26.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,758 shares of the oil and gas company’s stock valued at $271,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Statoil ASA by 11.7% during the 1st quarter. Ameriprise Financial Inc. now owns 105,277 shares of the oil and gas company’s stock valued at $1,812,000 after acquiring an additional 11,036 shares during the last quarter. 5.02% of the stock is currently owned by hedge funds and other institutional investors.
Statoil ASA (NYSE STO) opened at 20.09 on Monday. The firm’s market capitalization is $65.05 billion. Statoil ASA has a 12 month low of $15.58 and a 12 month high of $20.13. The firm’s 50-day moving average is $18.82 and its 200-day moving average is $17.60.
Several research firms recently issued reports on STO. Zacks Investment Research cut shares of Statoil ASA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 5th. Scotiabank restated a “hold” rating and issued a $17.00 target price on shares of Statoil ASA in a report on Friday, June 9th. BidaskClub raised shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. BNP Paribas raised shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 26th. Finally, Barclays PLC downgraded shares of Statoil ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 21st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.00.
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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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