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

A number of equities analysts have recently issued reports on STO shares. TheStreet raised Statoil ASA from a “sell” rating to a “hold” rating in a report on Wednesday, May 11th. Societe Generale raised Statoil ASA from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Zacks Investment Research cut Statoil ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 6th. Deutsche Bank AG cut Statoil ASA from a “hold” rating to a “sell” rating and increased their target price for the stock from $16.43 to $16.64 in a report on Tuesday, June 21st. Finally, Royal Bank Of Canada cut Statoil ASA from a “sector perform” rating to an “underperform” rating in a report on Tuesday, May 31st. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.53.

The stock has a 50-day moving average of $16.73 and a 200-day moving average of $15.65. The company’s market cap is $49.77 billion.

The business also recently declared a dividend, which will be paid on Thursday, August 11th. Investors of record on Thursday, August 11th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, August 9th.

A hedge fund recently raised its stake in Statoil ASA stock. BNP Paribas Arbitrage SA increased its stake in shares of Statoil ASA (NYSE:STO) by 44.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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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