Statoil ASA (STO) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Statoil ASA (NYSE:STO) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,024,237 shares of the oil and gas company’s stock after buying an additional 13,790 shares during the period. Sei Investments Co.’s holdings in Statoil ASA were worth $21,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in Statoil ASA by 4.8% during the second quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 451 shares in the last quarter. Advisor Group Inc. raised its stake in Statoil ASA by 39.5% during the second quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 2,262 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Statoil ASA by 2.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 126,621 shares of the oil and gas company’s stock worth $2,712,000 after acquiring an additional 3,165 shares in the last quarter. Global X MANAGEMENT CO LLC raised its stake in Statoil ASA by 6.9% during the third quarter. Global X MANAGEMENT CO LLC now owns 61,243 shares of the oil and gas company’s stock worth $1,230,000 after acquiring an additional 3,977 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Statoil ASA by 38.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,806 shares of the oil and gas company’s stock worth $438,000 after acquiring an additional 6,043 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Statoil ASA (STO) opened at $22.53 on Friday. Statoil ASA has a 52 week low of $16.18 and a 52 week high of $24.47. The company has a quick ratio of 1.18, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $74,870.95, a P/E ratio of 16.21 and a beta of 0.99.

Statoil ASA (NYSE:STO) last released its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Statoil ASA had a return on equity of 11.86% and a net margin of 7.50%. The company had revenue of $17.11 billion during the quarter. analysts expect that Statoil ASA will post 1.52 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 9th were paid a $0.16 dividend. This represents a dividend yield of 0.00677966101694915%. The ex-dividend date of this dividend was Thursday, February 8th. Statoil ASA’s dividend payout ratio is currently 50.36%.

Several research analysts have commented on STO shares. Bank of America downgraded Statoil ASA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 5th. ValuEngine raised Statoil ASA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Royal Bank of Canada raised Statoil ASA from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 2nd. BMO Capital Markets downgraded Statoil ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 14th. Finally, Macquarie raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.00.

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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.

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

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