Statoil ASA (STO) Shares Up 1.6%
Statoil ASA (NYSE:STO)’s share price shot up 1.6% on Tuesday . The stock traded as high as $16.60 and last traded at $16.54, with a volume of 1,181,341 shares changing hands. The stock had previously closed at $16.28.
STO has been the subject of a number of analyst reports. Zacks Investment Research raised Statoil ASA from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, May 2nd. TheStreet raised Statoil ASA to a “hold” rating in a research report on Thursday, May 26th. Royal Bank Of Canada downgraded Statoil ASA from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, May 31st. Deutsche Bank AG downgraded Statoil ASA from a “hold” rating to a “sell” rating and boosted their price objective for the stock from $16.43 to $16.64 in a research report on Tuesday, June 21st. Finally, HSBC downgraded Statoil ASA from a “buy” rating to a “hold” rating in a research report on Thursday, May 26th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.53.
The stock’s market capitalization is $52.26 billion. The firm’s 50 day moving average price is $16.63 and its 200 day moving average price is $15.88.
The business also recently announced a dividend, which was paid on Thursday, August 11th. Stockholders of record on Thursday, August 11th were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, August 9th.
An institutional investor recently raised its position 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 disclosure with the Securities and Exchange Commission (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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