Statoil ASA (STO) Given Consensus Rating of "Hold" by Analysts

Paterniano Del Favero
Agosto 1, 2017

The institutional investor owned 28,718 shares of the oil and gas company's stock after buying an additional 14,321 shares during the period. Greenleaf Trust's holdings in Statoil ASA were worth $475,000 as of its most recent filing with the SEC. PNC Financial Services Group Inc. raised its stake in shares of Statoil ASA by 17.4% in the first quarter. Renaissance Technologies LLC raised its position in Statoil ASA by 6.2% in the first quarter. Aperio Group LLC now owns 665,938 shares of the oil and gas company's stock valued at $11,008,000 after buying an additional 30,439 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Statoil ASA by 445.7% in the first quarter. BTIM has an ownership of 129,550 stocks of the oil and gas firms shares valued $2,226,000 after scooping up an extra 42,500 shares through out the quarter. investment firms and many large funds has an ownership of 4.96% of the firms stock. Bank of America Corp DE raised its position in Statoil ASA by 40.0% in the first 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.

Statoil ASA (NYSE:STO) opened at 18.76 on Monday. The firm's market cap is $59.70 billion. The 50 day moving average went up by +8.49% and the 200 day average went up $0.99 or +5.64%. The stock volatility for week was 1.43% while for month was 1.26%.The stock, as of last close, traded 25.23% to its 52 week low and was changed -2.62% from its 52 week high.

Statoil ASA (NYSE:STO) last posted its quarterly earnings data on Thursday, May 4th. Jefferies expert M. Kofler expects that the oil and gas business will earn $1.23 for a share for the year, above the previous estimate of $1.17. The company had revenue of $15.53 billion during the quarter. Statoil ASA had a negative net margin of 1.32% and a positive return on equity of 5.61%. Next quarter's EPS is forecasted to be $0.20 with next year's EPS projected to be $1.09. Equities research analysts anticipate that Statoil ASA will post $1.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. The dividend payment was $0.220 per share for the quarter which comes to $0.88 on an annualized basis. The ex-dividend date was set for Tuesday the 21st of February 2017.

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A number of other analysts have also recently weighed in on STO. BidaskClub raised Statoil ASA from a "strong sell" rating to a "sell" rating in a report on Thursday, July 13th. Simmons lifted their target price on Statoil ASA from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 19th. Goldman Sachs Group, Inc. Societe Generale downgraded the stock to "Hold" rating in Tuesday, June 20 report. Lastly, BMO Capital Markets boosted Statoil ASA from a "market perform" recommendation to an "outperform" recommendation in a analysis report on early Thur, May 25th. A sell-side firm might have issued a buy report on the company. The stock's price is $18.77 and their relative strength index (RSI) stands at 76.91.

UBS upgraded Statoil ASA (ADR) (NYSE:STO) on Wednesday, December 21 to "Buy" rating. The Company is involved in oil and gas exploration and production activities. The Company's divisions include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other.

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