Statoil ASA (NYSE:STO) Shares Sold by Morgan Stanley
Morgan Stanley lowered its position in shares of Statoil ASA (NYSE:STO) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,792 shares of the oil and gas company’s stock after selling 11,091 shares during the period. Morgan Stanley’s holdings in Statoil ASA were worth $4,566,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Folketrygdfondet increased its position 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 worth $2,047,426,000 after buying an additional 1,086,176 shares in the last quarter. Sei Investments Co. increased its position in Statoil ASA by 1.8% in the first quarter. Sei Investments Co. now owns 1,037,368 shares of the oil and gas company’s stock worth $17,821,000 after buying an additional 18,787 shares in the last quarter. Lazard Asset Management LLC increased its position in Statoil ASA by 14.7% in the first quarter. Lazard Asset Management LLC now owns 844,755 shares of the oil and gas company’s stock worth $14,512,000 after buying an additional 108,016 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Statoil ASA by 10.3% in the first quarter. Parametric Portfolio Associates LLC now owns 728,344 shares of the oil and gas company’s stock worth $12,513,000 after buying an additional 67,993 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in Statoil ASA during the first quarter worth approximately $10,918,000. 4.99% of the stock is owned by institutional investors.
Shares of Statoil ASA (NYSE:STO) traded down 0.98% during mid-day trading on Friday, hitting $18.28. The stock had a trading volume of 642,206 shares. The company has a 50-day moving average of $17.46 and a 200 day moving average of $17.47. Statoil ASA has a one year low of $14.98 and a one year high of $19.27. The firm’s market cap is $59.19 billion.
The company also recently declared a dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 8th. Statoil ASA’s dividend payout ratio (DPR) is presently -383.32%.
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A number of research analysts have recently commented on STO shares. Scotiabank set a $17.00 price objective on shares of Statoil ASA and gave the company a “hold” rating in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of Statoil ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Simmons upped their price objective on shares of Statoil ASA from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Statoil ASA in a research note on Monday, May 15th. Finally, BidaskClub raised shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Statoil ASA currently has a consensus rating of “Hold” and an average price target 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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