Aperio Group LLC Raises Position in Statoil (STO)

Aperio Group LLC lifted its stake in Statoil (NYSE:STO) by 15.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 842,949 shares of the oil and gas company’s stock after purchasing an additional 109,747 shares during the period. Aperio Group LLC’s holdings in Statoil were worth $19,936,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Suntrust Banks Inc. acquired a new stake in Statoil during the 4th quarter worth $278,000. US Bancorp DE grew its holdings in Statoil by 125.3% during the 4th quarter. US Bancorp DE now owns 88,764 shares of the oil and gas company’s stock worth $1,901,000 after acquiring an additional 49,358 shares during the period. AMP Capital Investors Ltd acquired a new stake in Statoil during the 4th quarter worth $803,000. Sei Investments Co. grew its holdings in Statoil by 1.4% during the 4th quarter. Sei Investments Co. now owns 1,024,237 shares of the oil and gas company’s stock worth $21,939,000 after acquiring an additional 13,790 shares during the period. Finally, ETRADE Capital Management LLC grew its holdings in Statoil by 13.5% during the 4th quarter. ETRADE Capital Management LLC now owns 29,013 shares of the oil and gas company’s stock worth $621,000 after acquiring an additional 3,459 shares during the period. 4.97% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on STO shares. Credit Suisse Group raised shares of Statoil from an “underperform” rating to an “outperform” rating in a report on Wednesday, January 24th. Goldman Sachs raised shares of Statoil from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. ValuEngine raised shares of Statoil from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet raised shares of Statoil from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Piper Jaffray set a $24.00 target price on shares of Statoil and gave the stock a “hold” rating in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $24.67.

Shares of Statoil opened at $27.14 on Friday, MarketBeat.com reports. Statoil has a 12-month low of $26.87 and a 12-month high of $27.09. The firm has a market capitalization of $90.79 billion, a PE ratio of 19.67, a PEG ratio of 0.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.25.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 22nd will be issued a $0.23 dividend. This is a positive change from Statoil’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, August 21st. This represents a $0.92 annualized dividend and a dividend yield of 3.39%. Statoil’s payout ratio is 23.19%.

About Statoil

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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Institutional Ownership by Quarter for Statoil (NYSE:STO)

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