Statoil ASA (STO) Stock Rating Lowered by Societe Generale

Statoil ASA (NYSE:STO) was downgraded by investment analysts at Societe Generale from a “buy” rating to a “hold” rating in a research report issued on Tuesday, MarketBeat reports.

Several other equities analysts have also commented on STO. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Statoil ASA in a research note on Tuesday, February 21st. Macquarie began coverage on Statoil ASA in a research report on Friday, March 24th. They set an “underperform” rating on the stock. Zacks Investment Research raised Statoil ASA from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, March 28th. Scotiabank set a $17.00 price objective on Statoil ASA and gave the company a “hold” rating in a research report on Monday, March 27th. Finally, Simmons raised their price objective on Statoil ASA from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $18.67.

Analyst Recommendations for Statoil ASA (NYSE:STO)

Statoil ASA (NYSE STO) opened at 16.29 on Tuesday. The company has a 50-day moving average of $17.46 and a 200-day moving average of $17.69. Statoil ASA has a 52 week low of $14.98 and a 52 week high of $19.26. The company’s market cap is $52.71 billion.

Statoil ASA (NYSE:STO) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.22 by $0.13. The firm had revenue of $15.53 billion for the quarter. Statoil ASA had a positive return on equity of 2.06% and a negative net margin of 4.81%. During the same quarter in the prior year, the business posted $0.04 EPS. On average, equities analysts expect that Statoil ASA will post $1.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Thursday, August 10th will be given a dividend of $0.2201 per share. This represents a $0.88 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, August 8th. Statoil ASA’s payout ratio is currently -138.46%.

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A number of large investors have recently modified their holdings of STO. Quadrant Capital Group LLC increased its stake 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 worth $137,000 after buying an additional 6,801 shares during the last quarter. Tyers Asset Management LLC acquired a new stake in shares of Statoil ASA during the fourth quarter valued at $156,000. PNC Financial Services Group Inc. increased its stake in shares of Statoil ASA by 17.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company’s stock valued at $163,000 after buying an additional 1,402 shares in the last quarter. Ronald Blue & Co. LLC acquired a new stake in shares of Statoil ASA during the first quarter valued at $190,000. Finally, Private Advisor Group LLC increased its stake 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 in the last quarter. 4.96% of the stock is currently owned by institutional investors.

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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