Acadian Asset Management LLC Purchases Shares of 7,990 Statoil ASA (STO)

Acadian Asset Management LLC purchased a new stake in shares of Statoil ASA (NYSE:STO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,990 shares of the oil and gas company’s stock, valued at approximately $132,000.

Several other hedge funds have also added to or reduced their stakes in STO. Greenleaf Trust boosted its stake in Statoil ASA by 99.5% in the second quarter. Greenleaf Trust now owns 28,718 shares of the oil and gas company’s stock valued at $475,000 after buying an additional 14,321 shares during the last quarter. US Bancorp DE boosted its stake in Statoil ASA by 25.2% in the second quarter. US Bancorp DE now owns 21,800 shares of the oil and gas company’s stock valued at $360,000 after buying an additional 4,382 shares during the last quarter. Aperio Group LLC boosted its stake in Statoil ASA by 4.8% in the second quarter. Aperio Group LLC now owns 665,938 shares of the oil and gas company’s stock valued at $11,008,000 after buying an additional 30,439 shares during the last quarter. Creative Planning boosted its stake in Statoil ASA by 16.2% in the second quarter. Creative Planning now owns 13,578 shares of the oil and gas company’s stock valued at $224,000 after buying an additional 1,888 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its stake in Statoil ASA by 5.1% in the second quarter. Capstone Asset Management Co. now owns 96,574 shares of the oil and gas company’s stock valued at $1,596,000 after buying an additional 4,650 shares during the last quarter. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Statoil ASA (NYSE:STO) traded up 1.906% during trading on Friday, hitting $18.445. The company had a trading volume of 1,030,704 shares. The stock’s market capitalization is $59.72 billion. The firm’s 50 day moving average is $17.71 and its 200-day moving average is $17.44. Statoil ASA has a 52 week low of $14.98 and a 52 week high of $19.27.

The company also recently declared a dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 10th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, August 8th. Statoil ASA’s payout ratio is presently -291.65%.

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Several research firms have weighed in on STO. Zacks Investment Research cut Statoil ASA from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BidaskClub raised Statoil ASA from a “strong sell” rating to a “sell” rating in a report on Thursday, July 13th. Scotiabank reaffirmed a “hold” rating and issued a $17.00 price target on shares of Statoil ASA in a report on Thursday, July 13th. Societe Generale cut Statoil ASA from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, BMO Capital Markets raised Statoil ASA from a “market perform” rating to an “outperform” rating in a report on Thursday, May 25th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.67.

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.

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

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