UBS Group AG grew its position in Statoil (NYSE:STO) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 642,144 shares of the oil and gas company’s stock after purchasing an additional 1,903 shares during the quarter. UBS Group AG’s holdings in Statoil were worth $15,187,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in STO. Suntrust Banks Inc. acquired a new stake in Statoil during the 4th quarter worth $278,000. AMP Capital Investors Ltd acquired a new stake in Statoil during the 4th quarter worth $803,000. ETRADE Capital Management LLC raised its stake in Statoil by 13.5% during the 4th quarter. ETRADE Capital Management LLC now owns 29,013 shares of the oil and gas company’s stock worth $621,000 after acquiring an additional 3,459 shares in the last quarter. Millennium Management LLC raised its stake in Statoil by 32.7% during the 4th quarter. Millennium Management LLC now owns 1,320,710 shares of the oil and gas company’s stock worth $28,290,000 after acquiring an additional 325,693 shares in the last quarter. Finally, Investors Research Corp acquired a new stake in Statoil during the 4th quarter worth $1,073,000. Institutional investors and hedge funds own 4.97% of the company’s stock.
Shares of Statoil stock opened at $27.14 on Friday. Statoil has a 1 year low of $16.18 and a 1 year high of $27.35. The company has a current ratio of 1.39, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm has a market cap of $90.19 billion, a price-to-earnings 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. Shareholders of record on Wednesday, August 22nd will be given a dividend of $0.23 per share. This is an increase 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 of this dividend is Tuesday, August 21st. Statoil’s dividend payout ratio (DPR) is presently 23.19%.
Several equities research analysts recently commented on STO shares. UBS Group lowered shares of Statoil from a “buy” rating to a “neutral” rating in a research note on Monday, March 26th. Citigroup lowered shares of Statoil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 29th. Finally, Zacks Investment Research lowered shares of Statoil from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.67.
Statoil Company Profile
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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