Statoil ASA (NYSE:STO) Shares Bought by Creative Planning
Creative Planning boosted its position in shares of Statoil ASA (NYSE:STO) by 16.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,578 shares of the oil and gas company’s stock after buying an additional 1,888 shares during the period. Creative Planning’s holdings in Statoil ASA were worth $224,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Folketrygdfondet boosted its stake in Statoil ASA by 0.9% in the first quarter. Folketrygdfondet now owns 119,174,942 shares of the oil and gas company’s stock valued at $2,047,426,000 after buying an additional 1,086,176 shares in the last quarter. Bank of America Corp DE boosted its stake in Statoil ASA by 40.0% in the first quarter. Bank of America Corp DE now owns 3,344,260 shares of the oil and gas company’s stock valued at $57,455,000 after buying an additional 955,727 shares in the last quarter. Karp Capital Management Corp bought a new stake in Statoil ASA during the first quarter valued at approximately $10,918,000. Credit Suisse AG boosted its stake in Statoil ASA by 304.5% in the first quarter. Credit Suisse AG now owns 490,858 shares of the oil and gas company’s stock valued at $8,433,000 after buying an additional 369,501 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Statoil ASA during the first quarter valued at approximately $5,312,000. 4.99% of the stock is owned by institutional investors and hedge funds.
Statoil ASA (NYSE:STO) traded down 0.237% during midday trading on Monday, reaching $18.915. The company’s stock had a trading volume of 407,898 shares. Statoil ASA has a 52 week low of $14.98 and a 52 week high of $19.27. The stock’s market capitalization is $61.25 billion. The firm’s 50-day moving average price is $17.11 and its 200-day moving average price is $17.44.
Statoil ASA (NYSE:STO) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.13. The company had revenue of $15.53 billion during the quarter. Statoil ASA had a positive return on equity of 5.61% and a negative net margin of 1.32%. During the same quarter last year, the firm posted $0.04 earnings per share. On average, analysts anticipate that Statoil ASA will post $1.17 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Thursday, August 10th. Shareholders of record on Thursday, August 10th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, August 8th. Statoil ASA’s dividend payout ratio (DPR) is presently -316.65%.
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Several equities research analysts recently commented on the company. Zacks Investment Research cut Statoil ASA from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub raised Statoil ASA from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th. Scotiabank reaffirmed a “hold” rating and issued a $17.00 price target on shares of Statoil ASA in a report on Thursday, July 13th. Societe Generale cut Statoil ASA from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, BMO Capital Markets raised Statoil ASA from a “market perform” rating to an “outperform” rating in a report on Thursday, May 25th. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.
About Statoil ASA
Statoil ASA (Statoil) is an energy company. The Company is engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company’s upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids.
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