Brinker Capital Inc. increased its position in shares of Statoil (NYSE:STO) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,689 shares of the oil and gas company’s stock after acquiring an additional 4,961 shares during the period. Brinker Capital Inc.’s holdings in Statoil were worth $2,174,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in STO. Baker Ellis Asset Management LLC purchased a new stake in shares of Statoil during the fourth quarter worth $131,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Statoil by 234.3% during 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 acquiring an additional 7,964 shares in the last quarter. Delphi Management Inc. MA purchased a new stake in shares of Statoil during the fourth quarter worth $543,000. Aperio Group LLC raised its holdings in shares of Statoil by 5.3% during the fourth quarter. Aperio Group LLC now owns 733,202 shares of the oil and gas company’s stock worth $15,705,000 after acquiring an additional 36,841 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Statoil by 125.3% during the fourth quarter. US Bancorp DE now owns 88,764 shares of the oil and gas company’s stock worth $1,901,000 after acquiring an additional 49,358 shares in the last quarter. Institutional investors and hedge funds own 4.97% of the company’s stock.
NYSE STO opened at $27.14 on Friday. Statoil has a fifty-two week low of $16.18 and a fifty-two week high of $27.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.39. The stock has a market cap of $90.19 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 0.84 and a beta of 0.93.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 30th. Shareholders of record on Wednesday, August 22nd will be issued a dividend of $0.23 per share. This is a positive change from Statoil’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 3.39%. The ex-dividend date is Tuesday, August 21st. Statoil’s dividend payout ratio (DPR) is 23.19%.
Several analysts recently issued reports on STO shares. Zacks Investment Research upgraded Statoil from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Monday, May 14th. Citigroup lowered Statoil from a “neutral” rating to a “sell” rating in a report on Thursday, March 29th. Piper Jaffray Companies set a $24.00 price objective on Statoil and gave the stock a “hold” rating in a report on Friday, February 9th. Morgan Stanley upgraded Statoil from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 13th. Finally, TheStreet upgraded Statoil from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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