GSB Wealth Management LLC continued to hold its stake in shares of Statoil ASA (NYSE:STO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,435 shares of the oil and gas company’s stock at the close of the second quarter. GSB Wealth Management LLC’s holdings in Statoil ASA were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Statoil ASA by 36.1% in the 2nd quarter. Renaissance Technologies LLC now owns 6,330,576 shares of the oil and gas company’s stock valued at $104,644,000 after buying an additional 1,680,032 shares during the period. Bank of America Corp DE increased its stake in Statoil ASA by 40.0% in the 1st 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 during the period. Sei Investments Co. increased its stake in Statoil ASA by 93.8% in the 2nd quarter. Sei Investments Co. now owns 2,010,897 shares of the oil and gas company’s stock valued at $33,241,000 after buying an additional 973,529 shares during the period. State Street Corp increased its stake in Statoil ASA by 1.9% in the 2nd quarter. State Street Corp now owns 1,590,002 shares of the oil and gas company’s stock valued at $26,283,000 after buying an additional 28,916 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Statoil ASA by 7.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,060,874 shares of the oil and gas company’s stock valued at $17,536,000 after buying an additional 69,709 shares during the period. 5.02% of the stock is currently owned by institutional investors.

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Several equities analysts have issued reports on STO shares. Deutsche Bank AG raised shares of Statoil ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Tudor Pickering cut shares of Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Scotiabank reissued a “hold” rating and issued a $17.00 price objective on shares of Statoil ASA in a research note on Thursday, July 13th. Piper Jaffray Companies set a $16.00 price objective on shares of Statoil ASA and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Barclays PLC cut shares of Statoil ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.67.

Statoil ASA (STO) traded up 0.54% during trading on Friday, hitting $20.31. 1,043,413 shares of the stock were exchanged. The stock’s 50 day moving average is $19.62 and its 200-day moving average is $17.97. Statoil ASA has a one year low of $15.58 and a one year high of $20.42. The company’s market cap is $65.76 billion.

Statoil ASA Company Profile

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.

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

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