Statoil (NYSE:STO) shares hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $27.34 and last traded at $27.29, with a volume of 46596 shares traded. The stock had previously closed at $27.02.

A number of research analysts have recently issued reports on STO shares. TheStreet raised shares of Statoil from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. ValuEngine raised shares of Statoil from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Statoil from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Monday, April 23rd. Morgan Stanley raised shares of Statoil from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 13th. Finally, Piper Jaffray set a $24.00 target price on shares of Statoil and gave the stock a “hold” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.67.

The stock has a market capitalization of $90.16 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 0.84 and a beta of 0.93. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Wednesday, August 22nd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.37%. This is a boost from Statoil’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, August 21st. Statoil’s payout ratio is presently 23.19%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Freestone Capital Holdings LLC lifted its stake in Statoil by 687.8% during the 1st quarter. Freestone Capital Holdings LLC now owns 189,021 shares of the oil and gas company’s stock valued at $4,470,000 after acquiring an additional 165,028 shares during the period. Guggenheim Capital LLC lifted its stake in Statoil by 23.7% during the 1st quarter. Guggenheim Capital LLC now owns 184,937 shares of the oil and gas company’s stock valued at $4,374,000 after acquiring an additional 35,470 shares during the period. LPL Financial LLC acquired a new stake in Statoil during the 1st quarter valued at approximately $217,000. Jane Street Group LLC acquired a new stake in Statoil during the 1st quarter valued at approximately $469,000. Finally, United Capital Financial Advisers LLC lifted its stake in Statoil by 19.9% during the 1st quarter. United Capital Financial Advisers LLC now owns 12,415 shares of the oil and gas company’s stock valued at $294,000 after acquiring an additional 2,058 shares during the period. Institutional investors and hedge funds own 4.97% of the company’s stock.

Statoil Company Profile

Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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