Statoil ASA (NYSE:STO) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its position in Statoil ASA (NYSE:STO) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,812,957 shares of the oil and gas company’s stock after selling 11,799 shares during the period. Northern Trust Corp owned about 0.06% of Statoil ASA worth $29,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in STO. Sei Investments Co. lifted its position in 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 valued at $33,241,000 after purchasing an additional 973,529 shares during the period. Bank of America Corp DE lifted its position in 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 valued at $57,455,000 after purchasing an additional 955,727 shares during the period. Credit Suisse AG lifted its position in Statoil ASA by 304.5% in the first quarter. Credit Suisse AG now owns 490,858 shares of the oil and gas company’s stock valued at $8,433,000 after purchasing an additional 369,501 shares during the period. Goldman Sachs Group Inc. lifted its position in 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 valued at $17,029,000 after purchasing an additional 70,232 shares during the period. Finally, Jane Street Group LLC lifted its position in Statoil ASA by 319.4% in the first quarter. Jane Street Group LLC now owns 73,775 shares of the oil and gas company’s stock valued at $1,267,000 after purchasing an additional 56,184 shares during the period. Hedge funds and other institutional investors own 5.02% of the company’s stock.

A number of equities research analysts have recently issued reports on STO shares. BNP Paribas upgraded shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 26th. Tudor Pickering downgraded shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Deutsche Bank AG upgraded shares of Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Scotiabank set a $17.00 price target on shares of Statoil ASA and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub upgraded shares of Statoil ASA from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.67.

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Statoil ASA (STO) opened at 20.10 on Friday. Statoil ASA has a 12 month low of $15.58 and a 12 month high of $20.77. The company’s 50 day moving average price is $19.93 and its 200 day moving average price is $18.15. The firm’s market capitalization is $65.08 billion.

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.

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

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