Barings LLC continued to hold its position in shares of Statoil ASA (NYSE:STO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,700 shares of the oil and gas company’s stock at the end of the second quarter. Barings LLC’s holdings in Statoil ASA were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Statoil ASA by 3.8% in the second quarter. Royal Bank of Canada now owns 789,447 shares of the oil and gas company’s stock valued at $13,050,000 after buying an additional 28,679 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Statoil ASA by 7.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,060,874 shares of the oil and gas company’s stock valued at $17,536,000 after buying an additional 69,709 shares during the period. UBS Oconnor LLC acquired a new position in shares of Statoil ASA in the second quarter valued at approximately $2,040,000. HighTower Advisors LLC acquired a new position in shares of Statoil ASA in the second quarter valued at approximately $168,000. Finally, Stifel Financial Corp increased its stake in shares of Statoil ASA by 9.3% in the second quarter. Stifel Financial Corp now owns 91,328 shares of the oil and gas company’s stock valued at $1,506,000 after buying an additional 7,746 shares during the period. 5.02% of the stock is owned by institutional investors.

Shares of Statoil ASA (NYSE STO) traded up 0.176% during mid-day trading on Monday, reaching $19.915. The company had a trading volume of 166,210 shares. Statoil ASA has a 12-month low of $15.58 and a 12-month high of $20.42. The stock has a 50 day moving average price of $19.35 and a 200 day moving average price of $17.85. The firm’s market capitalization is $64.48 billion.

WARNING: “Barings LLC Maintains Holdings in Statoil ASA (STO)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/09/barings-llc-maintains-holdings-in-statoil-asa-sto.html.

Several research firms have recently issued reports on STO. Societe Generale downgraded Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub raised Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. BNP Paribas raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Statoil ASA from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies set a $16.00 price objective on Statoil ASA and gave the company a “hold” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.67.

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.

Want to see what other hedge funds are holding STO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Statoil ASA (NYSE:STO).

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

Receive News & Stock Ratings for Statoil ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Statoil ASA and related stocks with our FREE daily email newsletter.