Semper Augustus Investments Group LLC maintained its stake in Statoil ASA (NYSE:STO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,514 shares of the oil and gas company’s stock at the close of the second quarter. Statoil ASA makes up about 1.6% of Semper Augustus Investments Group LLC’s holdings, making the stock its 18th largest position. Semper Augustus Investments Group LLC’s holdings in Statoil ASA were worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. TSP Capital Management Group LLC boosted its holdings in shares of Statoil ASA by 0.3% in the 2nd quarter. TSP Capital Management Group LLC now owns 109,000 shares of the oil and gas company’s stock worth $1,802,000 after buying an additional 275 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Statoil ASA by 0.5% in the 2nd quarter. TD Asset Management Inc. now owns 71,039 shares of the oil and gas company’s stock worth $1,174,000 after buying an additional 364 shares during the last quarter. Putnam FL Investment Management Co. boosted its holdings in shares of Statoil ASA by 1.1% in the 1st quarter. Putnam FL Investment Management Co. now owns 32,950 shares of the oil and gas company’s stock worth $566,000 after buying an additional 374 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Statoil ASA by 4.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock worth $165,000 after buying an additional 451 shares during the last quarter. Finally, Pacad Investment Ltd. boosted its holdings in shares of Statoil ASA by 8.1% in the 2nd quarter. Pacad Investment Ltd. now owns 10,700 shares of the oil and gas company’s stock worth $177,000 after buying an additional 800 shares during the last quarter. 5.02% of the stock is currently owned by institutional investors.

Statoil ASA (NYSE STO) traded up 0.26% on Friday, hitting $19.53. 1,145,370 shares of the company traded hands. The firm’s 50 day moving average price is $18.76 and its 200 day moving average price is $17.57. The firm’s market capitalization is $63.24 billion. Statoil ASA has a 1-year low of $15.04 and a 1-year high of $19.61.

Several research firms have commented on STO. Deutsche Bank AG raised shares of Statoil ASA from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Tudor Pickering downgraded shares of Statoil ASA from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Scotiabank set a $17.00 price objective on shares of Statoil ASA and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $16.00 price objective on shares of Statoil ASA and gave the company a “hold” rating in a report on Friday, August 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.00.

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Statoil ASA 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.

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Institutional Ownership by Quarter for Statoil ASA (NYSE:STO)

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