Sei Investments Co. lowered its position in shares of Statoil ASA (NYSE:STO) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 1,074,054 shares of the company’s stock after selling 24,533 shares during the period. Sei Investments Co.’s holdings in Statoil ASA were worth $18,044,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. CIBC World Markets Inc. purchased a new stake in Statoil ASA during the third quarter worth $221,000. Timber Hill LLC raised its position in shares of Statoil ASA by 25.9% in the third quarter. Timber Hill LLC now owns 16,697 shares of the company’s stock valued at $281,000 after buying an additional 3,438 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Statoil ASA during the third quarter valued at $186,000. First Trust Advisors LP raised its position in shares of Statoil ASA by 4.9% in the third quarter. First Trust Advisors LP now owns 648,365 shares of the company’s stock valued at $10,893,000 after buying an additional 30,528 shares in the last quarter. Finally, World Asset Management Inc raised its position in shares of Statoil ASA by 8.7% in the third quarter. World Asset Management Inc now owns 214,618 shares of the company’s stock valued at $3,606,000 after buying an additional 17,257 shares in the last quarter. 5.11% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Statoil ASA (NYSE:STO)

Statoil ASA (NYSE:STO) traded up 6.24% during mid-day trading on Wednesday, hitting $17.37. 3,056,321 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $16.53 and a 200 day moving average of $16.38. Statoil ASA has a 52 week low of $10.89 and a 52 week high of $17.94. The stock’s market capitalization is $55.57 billion.

The business also recently announced a dividend, which was paid on Thursday, November 3rd. Investors of record on Thursday, November 3rd were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 1st. Statoil ASA’s payout ratio is currently -212.49%.

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Several brokerages have weighed in on STO. RBC Capital Markets raised shares of Statoil ASA from an “underperform” rating to a “sector perform” rating in a report on Friday, November 4th. Royal Bank Of Canada raised shares of Statoil ASA from an “underperform” rating to a “sector perform” rating in a report on Friday, November 4th. JPMorgan Chase & Co. raised shares of Statoil ASA from an “underweight” rating to an “overweight” rating in a report on Wednesday, November 2nd. Citigroup Inc. reissued a “buy” rating on shares of Statoil ASA in a report on Saturday, October 22nd. Finally, Zacks Investment Research lowered shares of Statoil ASA from a “hold” rating to a “sell” rating in a report on Thursday, October 13th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.53.

About Statoil ASA

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.

5 Day Chart for NYSE:STO

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