First Trust Advisors LP raised its holdings in shares of Statoil ASA (NYSE:STO) by 103.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,630 shares of the oil and gas company’s stock after acquiring an additional 22,643 shares during the quarter. First Trust Advisors LP’s holdings in Statoil ASA were worth $897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of STO. US Bancorp DE raised its holdings in Statoil ASA by 25.2% during the 2nd quarter. US Bancorp DE now owns 21,800 shares of the oil and gas company’s stock valued at $360,000 after acquiring an additional 4,382 shares during the period. Acadian Asset Management LLC bought a new position in shares of Statoil ASA in the second quarter worth $132,000. TD Asset Management Inc. increased its holdings in shares of Statoil ASA by 0.5% in the second quarter. TD Asset Management Inc. now owns 71,039 shares of the oil and gas company’s stock worth $1,174,000 after purchasing an additional 364 shares during the period. Global X Management Co. LLC increased its holdings in shares of Statoil ASA by 5.5% in the second quarter. Global X Management Co. LLC now owns 57,266 shares of the oil and gas company’s stock worth $947,000 after purchasing an additional 2,998 shares during the period. Finally, Trexquant Investment LP increased its holdings in shares of Statoil ASA by 40.6% in the second quarter. Trexquant Investment LP now owns 25,159 shares of the oil and gas company’s stock worth $416,000 after purchasing an additional 7,260 shares during the period. 5.18% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on STO. Bank of America cut shares of Statoil ASA from a “neutral” rating to an “underperform” rating in a report on Tuesday. BNP Paribas raised shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 26th. lowered shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Scotiabank reiterated a “hold” rating and issued a $19.00 target price on shares of Statoil ASA in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded shares of Statoil ASA from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.33.

Shares of Statoil ASA (NYSE:STO) traded down $0.04 during trading hours on Wednesday, reaching $20.35. 1,448,300 shares of the company traded hands, compared to its average volume of 1,855,094. Statoil ASA has a one year low of $16.18 and a one year high of $21.02. The stock has a market capitalization of $66,166.55, a price-to-earnings ratio of 20.81, a PEG ratio of 0.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.54 and a quick ratio of 1.38.

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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.

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

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