Statoil ASA (NYSE:STO) Receives Consensus Recommendation of “Hold” from Analysts
Statoil ASA (NYSE:STO) has earned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $18.50.
A number of equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Statoil ASA from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub raised shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 13th. Scotiabank reissued a “hold” rating and set a $17.00 price target on shares of Statoil ASA in a research report on Thursday, July 13th. Societe Generale lowered shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, BMO Capital Markets raised shares of Statoil ASA from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th.
Several institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its position in Statoil ASA by 39.5% in the second quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 2,262 shares during the period. Acadian Asset Management LLC purchased a new position in Statoil ASA during the second quarter valued at $132,000. Quadrant Capital Group LLC raised its position in Statoil ASA by 445.7% in the first quarter. Quadrant Capital Group LLC now owns 8,327 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 6,801 shares during the period. PNC Financial Services Group Inc. raised its position in Statoil ASA by 17.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company’s stock valued at $163,000 after buying an additional 1,402 shares during the period. Finally, Pacad Investment Ltd. raised its position in Statoil ASA by 8.1% in the second quarter. Pacad Investment Ltd. now owns 10,700 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 800 shares during the period. 4.99% of the stock is owned by hedge funds and other institutional investors.
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Shares of Statoil ASA (NYSE STO) traded down 0.60% during mid-day trading on Friday, reaching $18.35. 1,435,145 shares of the company traded hands. The firm’s market capitalization is $59.42 billion. The firm has a 50-day moving average price of $17.52 and a 200 day moving average price of $17.46. Statoil ASA has a 52 week low of $14.98 and a 52 week high of $19.27.
The company also recently announced a dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, August 8th. Statoil ASA’s dividend payout ratio (DPR) is -291.65%.
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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