Statoil ASA (STO) Position Held by Eagle Global Advisors LLC

Eagle Global Advisors LLC held its stake in shares of Statoil ASA (NYSE:STO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,000 shares of the oil and gas company’s stock at the end of the second quarter. Eagle Global Advisors LLC’s holdings in Statoil ASA were worth $1,851,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Statoil ASA by 40.0% in the first quarter. Bank of America Corp DE now owns 3,344,260 shares of the oil and gas company’s stock worth $57,455,000 after buying an additional 955,727 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Statoil ASA by 19.8% in the first quarter. JPMorgan Chase & Co. now owns 31,086 shares of the oil and gas company’s stock worth $534,000 after buying an additional 5,146 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Statoil ASA by 5.1% in the second quarter. Capstone Asset Management Co. now owns 96,574 shares of the oil and gas company’s stock worth $1,596,000 after buying an additional 4,650 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Statoil ASA by 6.2% in the first quarter. Renaissance Technologies LLC now owns 4,650,544 shares of the oil and gas company’s stock worth $79,896,000 after buying an additional 273,444 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Statoil ASA by 24.6% in the first 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 buying an additional 15,570 shares during the last quarter. Hedge funds and other institutional investors own 4.99% of the company’s stock.

Statoil ASA (NYSE:STO) traded down 0.60% during midday trading on Friday, reaching $18.35. 1,435,145 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $17.52 and its 200 day moving average is $17.46. Statoil ASA has a 1-year low of $14.98 and a 1-year high of $19.26. The stock’s market cap is $59.42 billion.

The firm also recently disclosed a dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 10th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. Statoil ASA’s dividend payout ratio is presently -291.65%.

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Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Statoil ASA from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 13th. Scotiabank restated a “hold” rating and issued a $17.00 price target on shares of Statoil ASA in a research report on Thursday, July 13th. Societe Generale downgraded shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, BMO Capital Markets upgraded shares of Statoil ASA from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.67.

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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