Wetherby Asset Management Inc. Decreases Position in Statoil ASA (STO)

Wetherby Asset Management Inc. lowered its stake in shares of Statoil ASA (NYSE:STO) by 7.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,386 shares of the company’s stock after selling 1,578 shares during the period. Wetherby Asset Management Inc.’s holdings in Statoil ASA were worth $354,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. General Electric Co. raised its position in shares of Statoil ASA by 22.4% in the second quarter. General Electric Co. now owns 1,481,508 shares of the company’s stock valued at $25,645,000 after buying an additional 270,873 shares in the last quarter. BlackRock Advisors LLC raised its position in shares of Statoil ASA by 17.1% in the third quarter. BlackRock Advisors LLC now owns 1,073,890 shares of the company’s stock valued at $18,041,000 after buying an additional 156,530 shares in the last quarter. First Trust Advisors LP raised its position in shares of Statoil ASA by 4.9% in the third quarter. First Trust Advisors LP now owns 648,365 shares of the company’s stock valued at $10,893,000 after buying an additional 30,528 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Statoil ASA by 13.4% in the third quarter. BNP Paribas Arbitrage SA now owns 375,780 shares of the company’s stock valued at $6,313,000 after buying an additional 44,348 shares in the last quarter. Finally, TPH Asset Management LLC increased its stake in Statoil ASA by 1.3% in the third quarter. TPH Asset Management LLC now owns 364,500 shares of the company’s stock valued at $6,124,000 after buying an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 5.13% of the company’s stock.

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

Statoil ASA (NYSE:STO) traded up 0.1386% on Monday, hitting $17.9248. 788,343 shares of the stock were exchanged. Statoil ASA has a 12 month low of $13.12 and a 12 month high of $19.27. The stock’s market cap is $57.70 billion. The company has a 50-day moving average of $18.61 and a 200-day moving average of $16.99.

The company also recently announced a dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 23rd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, February 21st. Statoil ASA’s dividend payout ratio (DPR) is currently -92.39%.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Statoil ASA from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. RBC Capital Markets raised shares of Statoil ASA from an “underperform” rating to a “sector perform” rating in a research report on Friday, November 4th. J P Morgan Chase & Co raised shares of Statoil ASA from an “underweight” rating to an “overweight” rating in a research report on Wednesday, November 2nd. Citigroup Inc. reissued a “buy” rating on shares of Statoil ASA in a research report on Saturday, October 22nd. Finally, Royal Bank Of Canada raised shares of Statoil ASA from an “underperform” rating to a “sector perform” rating in a research report on Friday, November 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.73.

About Statoil ASA

Statoil ASA is an energy company, engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other.

5 Day Chart for NYSE:STO

Want to see what other hedge funds are holding STO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Statoil ASA (NYSE:STO).

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