Signaturefd LLC purchased a new position in Statoil (NYSE:STO) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,044 shares of the oil and gas company’s stock, valued at approximately $119,000.
Several other large investors also recently made changes to their positions in STO. Baker Ellis Asset Management LLC acquired a new stake in shares of Statoil in the fourth quarter worth about $131,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Statoil by 234.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,363 shares of the oil and gas company’s stock worth $243,000 after buying an additional 7,964 shares during the last quarter. Delphi Management Inc. MA acquired a new stake in shares of Statoil in the fourth quarter worth about $543,000. Aperio Group LLC lifted its position in shares of Statoil by 5.3% in the fourth quarter. Aperio Group LLC now owns 733,202 shares of the oil and gas company’s stock worth $15,705,000 after buying an additional 36,841 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Statoil by 125.3% in the fourth quarter. US Bancorp DE now owns 88,764 shares of the oil and gas company’s stock worth $1,901,000 after buying an additional 49,358 shares during the last quarter. 4.97% of the stock is owned by institutional investors.
NYSE STO opened at $27.14 on Tuesday. Statoil has a twelve month low of $16.18 and a twelve month high of $27.35. The company has a quick ratio of 1.25, a current ratio of 1.39 and a debt-to-equity ratio of 0.58. The stock has a market cap of $90.19 billion, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 0.84 and a beta of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Wednesday, August 22nd will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, August 21st. This is a boost from Statoil’s previous quarterly dividend of $0.22. Statoil’s payout ratio is currently 23.19%.
A number of analysts have weighed in on the company. Zacks Investment Research raised Statoil from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a research report on Monday, May 14th. Citigroup cut Statoil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 29th. UBS cut Statoil from a “buy” rating to a “neutral” rating in a research report on Monday, March 26th. Morgan Stanley raised Statoil from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, February 13th. Finally, Piper Jaffray Companies set a $24.00 price target on Statoil and gave the stock a “hold” rating in a research report on Friday, February 9th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Statoil has a consensus rating of “Hold” and an average price target of $24.67.
Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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