Analysts Set Statoil ASA (NYSE:STO) PT at $15.16
Shares of Statoil ASA (NYSE:STO) have earned an average rating of “Hold” from the eighteen analysts that are presently covering the firm. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.16.
A number of brokerages have weighed in on STO. Bank of America Corp. raised Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Friday, July 15th. Zacks Investment Research raised Statoil ASA from a “sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lowered Statoil ASA from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 21st. Deutsche Bank AG lowered Statoil ASA from a “hold” rating to a “sell” rating and lifted their price objective for the company from $16.43 to $16.64 in a report on Tuesday, June 21st. Finally, DNB Markets raised Statoil ASA from a “hold” rating to a “buy” rating in a report on Thursday, July 28th.
A number of large investors have recently bought and sold shares of STO. Macquarie Group Ltd. raised its stake in Statoil ASA by 13.5% in the second quarter. Macquarie Group Ltd. now owns 261,502 shares of the company’s stock worth $4,527,000 after buying an additional 31,121 shares during the last quarter. Euclid Advisors LLC raised its stake in Statoil ASA by 0.6% in the second quarter. Euclid Advisors LLC now owns 196,015 shares of the company’s stock worth $3,393,000 after buying an additional 1,263 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Statoil ASA during the second quarter worth about $225,000. A.R.T. Advisors LLC bought a new stake in Statoil ASA during the second quarter worth about $1,047,000. Finally, Eagle Global Advisors LLC bought a new stake in Statoil ASA during the second quarter worth about $1,692,000. 5.33% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Statoil ASA (NYSE:STO) opened at 16.08 on Monday. The firm’s market cap is $51.15 billion. Statoil ASA has a 12-month low of $10.89 and a 12-month high of $17.94. The company has a 50 day moving average price of $15.86 and a 200 day moving average price of $16.22.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Thursday, November 3rd will be paid a $0.2201 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date of this dividend is Tuesday, November 1st. Statoil ASA’s payout ratio is currently -229.72%.
Statoil ASA Company Profile
Statoil ASA is an energy company, engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other.
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