Statoil ASA (STO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Statoil ASA (NYSE:STO) by 90.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,035 shares of the oil and gas company’s stock after selling 116,724 shares during the period. JPMorgan Chase & Co.’s holdings in Statoil ASA were worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in STO. PNC Financial Services Group Inc. increased its holdings in Statoil ASA by 4.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 451 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Statoil ASA by 8.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 607,956 shares of the oil and gas company’s stock valued at $10,050,000 after purchasing an additional 49,636 shares during the period. M&T Bank Corp increased its holdings in Statoil ASA by 73.7% during the 2nd quarter. M&T Bank Corp now owns 26,405 shares of the oil and gas company’s stock valued at $437,000 after purchasing an additional 11,207 shares during the period. Advisor Group Inc. increased its holdings in Statoil ASA by 39.5% during the 2nd quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 2,262 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in Statoil ASA by 7.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 785,287 shares of the oil and gas company’s stock valued at $12,981,000 after purchasing an additional 56,943 shares during the period. Institutional investors own 5.05% of the company’s stock.

Shares of Statoil ASA (NYSE:STO) opened at $23.19 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $76,620.00, a P/E ratio of -96.63, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. Statoil ASA has a 12-month low of $16.18 and a 12-month high of $23.58.

Statoil ASA (NYSE:STO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. Statoil ASA had a positive return on equity of 8.61% and a negative net margin of 1.37%. equities research analysts anticipate that Statoil ASA will post 1.28 earnings per share for the current year.

A number of research analysts recently issued reports on STO shares. Citigroup downgraded Statoil ASA from a “buy” rating to a “neutral” rating in a report on Monday, October 30th. Scotiabank reaffirmed a “hold” rating and set a $19.00 price objective on shares of Statoil ASA in a research report on Wednesday, November 1st. Bank of America cut Statoil ASA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 5th. BNP Paribas raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 26th. Finally, Macquarie raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.33.

ILLEGAL ACTIVITY WARNING: This article was posted by Week Herald and is owned by of Week Herald. If you are reading this article on another site, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this article can be viewed at https://weekherald.com/2018/01/20/statoil-asa-sto-shares-sold-by-jpmorgan-chase-co.html.

About Statoil ASA

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)

Receive News & Ratings for Statoil ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Statoil ASA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply