Ameriprise Financial Inc. cut its holdings in shares of Statoil ASA (NYSE:STO) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 102,844 shares of the oil and gas company’s stock after selling 2,433 shares during the period. Ameriprise Financial Inc.’s holdings in Statoil ASA were worth $1,702,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of STO. Sei Investments Co. grew its stake in Statoil ASA by 93.8% in the second quarter. Sei Investments Co. now owns 2,010,897 shares of the oil and gas company’s stock worth $33,241,000 after purchasing an additional 973,529 shares during the period. Goldman Sachs Group Inc. grew its stake in Statoil ASA by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 991,165 shares of the oil and gas company’s stock worth $17,029,000 after purchasing an additional 70,232 shares during the period. Aperio Group LLC grew its stake in Statoil ASA by 4.8% in the second quarter. Aperio Group LLC now owns 665,938 shares of the oil and gas company’s stock worth $11,008,000 after purchasing an additional 30,439 shares during the period. Credit Suisse AG grew its stake in Statoil ASA by 304.5% in the first quarter. Credit Suisse AG now owns 490,858 shares of the oil and gas company’s stock worth $8,433,000 after purchasing an additional 369,501 shares during the period. Finally, NGAM Advisors L.P. grew its stake in Statoil ASA by 3.3% in the second quarter. NGAM Advisors L.P. now owns 330,139 shares of the oil and gas company’s stock worth $5,457,000 after purchasing an additional 10,587 shares during the period. 5.02% of the stock is currently owned by hedge funds and other institutional investors.
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Several equities research analysts recently weighed in on the company. BNP Paribas raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 26th. Scotiabank reaffirmed a “hold” rating and issued a $19.00 price target on shares of Statoil ASA in a research note on Wednesday. Citigroup Inc cut Statoil ASA from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Tudor Pickering cut Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Finally, Deutsche Bank AG raised Statoil ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.33.
Shares of Statoil ASA (NYSE:STO) opened at $20.32 on Friday. The company has a market capitalization of $66,004.30, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 0.65 and a beta of 0.97. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.71.
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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