TD Asset Management Inc. raised its position in shares of Statoil ASA (NYSE:STO) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 71,039 shares of the oil and gas company’s stock after buying an additional 364 shares during the period. TD Asset Management Inc.’s holdings in Statoil ASA were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Folketrygdfondet boosted its position in shares of Statoil ASA by 0.9% in the first quarter. Folketrygdfondet now owns 119,174,942 shares of the oil and gas company’s stock worth $2,047,426,000 after buying an additional 1,086,176 shares during the last quarter. Renaissance Technologies LLC boosted its position 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. Bank of America Corp DE boosted its position 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. Sei Investments Co. boosted its position in shares of 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 buying an additional 973,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of 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 buying an additional 70,232 shares during the last quarter. 4.97% of the stock is currently owned by institutional investors and hedge funds.

Statoil ASA (NYSE STO) opened at 18.73 on Friday. Statoil ASA has a 1-year low of $14.98 and a 1-year high of $19.27. The firm’s market capitalization is $60.65 billion. The stock’s 50 day moving average is $18.01 and its 200-day moving average is $17.43.

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

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A number of equities analysts have recently commented on STO shares. Scotiabank set a $17.00 target price on shares of Statoil ASA and gave the company a “hold” rating in a report on Monday, May 8th. Zacks Investment Research cut shares of Statoil ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Statoil ASA in a research note on Monday, May 15th. BidaskClub raised shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Societe Generale cut shares of Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.00.

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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