Brookfield Asset Management Inc. continued to hold its position in shares of Statoil ASA (NYSE:STO) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 321,500 shares of the oil and gas company’s stock at the end of the first quarter. Brookfield Asset Management Inc.’s holdings in Statoil ASA were worth $5,523,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Statoil ASA by 445.7% in the first quarter. Quadrant Capital Group LLC now owns 8,327 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 6,801 shares during the period. Raymond James Trust N.A. raised its position in shares of Statoil ASA by 20.5% in the first quarter. Raymond James Trust N.A. now owns 33,169 shares of the oil and gas company’s stock valued at $570,000 after buying an additional 5,634 shares during the period. WFG Advisors LP raised its position in shares of Statoil ASA by 11,813.0% in the fourth quarter. WFG Advisors LP now owns 11,913 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 11,813 shares during the period. GSB Wealth Management LLC purchased a new position in shares of Statoil ASA during the fourth quarter valued at about $336,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Statoil ASA during the fourth quarter valued at about $390,000. 4.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Statoil ASA (STO) traded down 2.10% during midday trading on Wednesday, hitting $16.29. The company’s stock had a trading volume of 2,816,687 shares. The company’s market cap is $52.71 billion. Statoil ASA has a 1-year low of $14.98 and a 1-year high of $19.26. The company has a 50-day moving average price of $17.46 and a 200 day moving average price of $17.69.
Statoil ASA (NYSE:STO) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.13. The company had revenue of $15.53 billion for the quarter. Statoil ASA had a positive return on equity of 2.06% and a negative net margin of 4.81%. During the same period in the prior year, the firm earned $0.04 earnings per share. On average, equities research analysts predict that Statoil ASA will post $1.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Thursday, August 10th will be paid a $0.2201 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, August 8th. Statoil ASA’s dividend payout ratio is -138.46%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/06/21/brookfield-asset-management-inc-has-5523000-stake-in-statoil-asa-sto.html.
Several equities analysts have recently issued reports on the company. BMO Capital Markets raised Statoil ASA from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. Zacks Investment Research lowered Statoil ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Goldman Sachs Group Inc reaffirmed a “sell” rating on shares of Statoil ASA in a research note on Tuesday, February 21st. BidaskClub raised Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Scotiabank reaffirmed a “hold” rating and set a $17.00 price target on shares of Statoil ASA in a research note on Friday, June 9th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Statoil ASA currently has a consensus rating of “Hold” and an average target price of $18.16.
About Statoil ASA
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.
Receive News & Ratings for Statoil ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Statoil ASA and related companies with MarketBeat.com's FREE daily email newsletter.