Statoil ASA (STO) Shares Bought by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. boosted its position in Statoil ASA (NYSE:STO) by 2.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 126,621 shares of the oil and gas company’s stock after acquiring an additional 3,165 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Statoil ASA were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Atlantic Trust Group LLC acquired a new position in Statoil ASA in the 3rd quarter valued at $2,438,000. Macquarie Group Ltd. grew its stake in Statoil ASA by 16.4% in the 3rd quarter. Macquarie Group Ltd. now owns 255,994 shares of the oil and gas company’s stock valued at $5,143,000 after buying an additional 36,103 shares during the last quarter. Putnam FL Investment Management Co. acquired a new position in Statoil ASA in the 3rd quarter valued at $861,000. OxFORD Asset Management LLP acquired a new position in Statoil ASA in the 3rd quarter valued at $1,634,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Statoil ASA by 38.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,806 shares of the oil and gas company’s stock valued at $438,000 after buying an additional 6,043 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.
A number of research analysts recently issued reports on STO shares. Credit Suisse Group upgraded shares of Statoil ASA from an “underperform” rating to an “outperform” rating in a research note on Wednesday, January 24th. BMO Capital Markets downgraded shares of Statoil ASA from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 14th. Royal Bank of Canada raised shares of Statoil ASA from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 2nd. Macquarie raised shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Finally, Bank of America downgraded shares of Statoil ASA from a “neutral” rating to an “underperform” rating in a report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Statoil ASA has a consensus rating of “Hold” and an average price target of $21.00.
Statoil ASA (NYSE:STO) last released its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $17.11 billion during the quarter. Statoil ASA had a net margin of 7.50% and a return on equity of 11.86%. research analysts anticipate that Statoil ASA will post 1.48 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 9th were issued a dividend of $0.16 per share. This represents a dividend yield of 0.00677966101694915%. The ex-dividend date was Thursday, February 8th. Statoil ASA’s payout ratio is 49.65%.
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Statoil ASA Company 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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