Hall Laurie J Trustee maintained its stake in Statoil ASA (NYSE:STO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,145 shares of the oil and gas company’s stock at the close of the second quarter. Hall Laurie J Trustee’s holdings in Statoil ASA were worth $102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of STO. Advisor Group Inc. increased its position in shares of Statoil ASA by 39.5% in the second quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 2,262 shares during the period. Acadian Asset Management LLC bought a new position in shares of Statoil ASA in the second quarter worth $132,000. PNC Financial Services Group Inc. increased its position in shares of Statoil ASA by 17.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 1,402 shares during the period. HighTower Advisors LLC bought a new position in shares of Statoil ASA in the second quarter worth $168,000. Finally, Pacad Investment Ltd. increased its position in shares of Statoil ASA by 8.1% in the second quarter. Pacad Investment Ltd. now owns 10,700 shares of the oil and gas company’s stock worth $177,000 after purchasing an additional 800 shares during the period. Institutional investors own 5.02% of the company’s stock.

Statoil ASA (NYSE STO) traded up 0.94% on Monday, reaching $20.50. The company’s stock had a trading volume of 553,319 shares. Statoil ASA has a 52-week low of $15.58 and a 52-week high of $20.58. The firm’s market cap is $66.38 billion. The stock’s 50 day moving average price is $19.62 and its 200 day moving average price is $17.97.

STO has been the topic of a number of recent analyst reports. Deutsche Bank AG upgraded Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub upgraded Statoil ASA from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research cut Statoil ASA from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Piper Jaffray Companies set a $16.00 price target on Statoil ASA and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Societe Generale cut Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Statoil ASA has a consensus rating of “Hold” and a consensus price target of $17.67.

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About Statoil ASA

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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