Statoil ASA (NYSE:STO)’s share price traded down 3.8% during mid-day trading on Monday . The stock traded as low as $15.28 and last traded at $15.30, with a volume of 2,143,623 shares trading hands. The stock had previously closed at $15.91.

Several equities analysts have recently issued reports on the stock. Bank of America Corp. raised shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Friday, July 15th. Zacks Investment Research raised shares of Statoil ASA from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, July 13th. Morgan Stanley downgraded shares of Statoil ASA from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 21st. Societe Generale raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Finally, TheStreet raised shares of Statoil ASA from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.93.

The firm’s 50 day moving average price is $16.75 and its 200 day moving average price is $15.63. The firm’s market capitalization is $48.45 billion.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Thursday, November 3rd will be given a $0.2201 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date is Tuesday, November 1st.

A hedge fund recently raised its stake in Statoil ASA stock. BNP Paribas Arbitrage SA increased its position in shares of Statoil ASA (NYSE:STO) by 44.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 74,120 shares of the company’s stock after buying an additional 22,734 shares during the period. BNP Paribas Arbitrage SA’s holdings in Statoil ASA were worth $1,035,000 as of its most recent SEC filing.

Statoil ASA is an energy company, engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other.

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