Bank of Montreal Can Reduced Holding in Statoil ASA (STO)

Bank of Montreal Can Reduced Holding in Statoil ASA (STO)

Bank of Montreal Can lowered its position in shares of Statoil ASA (NYSE:STO) by 17.4% during the first quarter, Holdings Channel reports. The firm owned 15,418 shares of the oil and gas company’s stock after selling 3,247 shares during the period. Bank of Montreal Can’s holdings in Statoil ASA were worth $265,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted 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 last quarter. Tyers Asset Management LLC bought a new position in shares of Statoil ASA during the fourth quarter valued at about $156,000. Menora Mivtachim Holdings LTD. bought a new position in shares of Statoil ASA during the fourth quarter valued at about $159,000. Traynor Capital Management Inc. bought a new position in shares of Statoil ASA during the third quarter valued at about $167,000. Finally, Private Advisor Group LLC boosted its position in shares of Statoil ASA by 3.8% in the fourth quarter. Private Advisor Group LLC now owns 10,387 shares of the oil and gas company’s stock valued at $196,000 after buying an additional 377 shares during the last quarter. Institutional investors own 5.13% of the company’s stock.

Shares of Statoil ASA (NYSE STO) opened at 17.44 on Friday. The firm’s market cap is $56.44 billion. The stock’s 50 day moving average price is $17.21 and its 200 day moving average price is $17.64. Statoil ASA has a 12 month low of $14.98 and a 12 month high of $19.27.

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, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.13. Statoil ASA had a negative return on equity of 0.53% and a negative net margin of 6.37%. The business had revenue of $15.53 billion during the quarter. During the same quarter in the prior year, the business posted $0.04 earnings per share. Equities research analysts predict that Statoil ASA will post $1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Thursday, August 10th will be issued a dividend of $0.2201 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.88 annualized dividend and a dividend yield of 5.05%. Statoil ASA’s dividend payout ratio is -92.39%.

Several brokerages have recently issued reports on STO. Goldman Sachs Group Inc reiterated a “sell” rating on shares of Statoil ASA in a research note on Friday, May 5th. Zacks Investment Research upgraded Statoil ASA from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, March 28th. Scotiabank set a $17.00 price objective on Statoil ASA and gave the company a “hold” rating in a research note on Monday, March 27th. Macquarie began coverage on Statoil ASA in a research note on Friday, March 24th. They issued an “underperform” rating for the company. Finally, BMO Capital Markets upgraded Statoil ASA from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.16.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “STO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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