OLD Mission Capital LLC Purchases New Position in Statoil ASA (STO)

OLD Mission Capital LLC purchased a new position in shares of Statoil ASA (NYSE:STO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 69,132 shares of the oil and gas company’s stock, valued at approximately $1,143,000.

Several other hedge funds also recently modified their holdings of STO. Bank of New York Mellon Corp increased its stake in shares of Statoil ASA by 24.6% during the 1st quarter. Bank of New York Mellon Corp now owns 78,970 shares of the oil and gas company’s stock worth $1,356,000 after purchasing an additional 15,570 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Statoil ASA by 5.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 558,320 shares of the oil and gas company’s stock worth $9,592,000 after purchasing an additional 26,550 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Statoil ASA by 11.7% during the 1st quarter. Ameriprise Financial Inc. now owns 105,277 shares of the oil and gas company’s stock worth $1,812,000 after purchasing an additional 11,036 shares during the last quarter. M&T Bank Corp increased its stake in shares of Statoil ASA by 10.2% during the 1st quarter. M&T Bank Corp now owns 15,198 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 1,404 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Statoil ASA by 19.8% during the 1st quarter. JPMorgan Chase & Co. now owns 31,086 shares of the oil and gas company’s stock worth $534,000 after purchasing an additional 5,146 shares during the last quarter. Institutional investors own 5.02% of the company’s stock.

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Shares of Statoil ASA (NYSE STO) traded up 0.15% on Wednesday, reaching $20.23. 536,928 shares of the company’s stock traded hands. Statoil ASA has a 52-week low of $15.58 and a 52-week high of $20.42. The firm’s 50-day moving average is $19.45 and its 200-day moving average is $17.90. The stock’s market cap is $66.87 billion.

Several brokerages have recently issued reports on STO. BidaskClub upgraded shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Barclays PLC lowered shares of Statoil ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 21st. 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. Tudor Pickering lowered shares of Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Finally, Zacks Investment Research lowered shares of Statoil ASA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Statoil ASA currently has a consensus rating of “Hold” and an average price target of $17.67.

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.

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

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