Jefferies Group LLC grew its stake in shares of Statoil ASA (NYSE:STO) by 639.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,889 shares of the oil and gas company’s stock after purchasing an additional 75,132 shares during the period. Jefferies Group LLC’s holdings in Statoil ASA were worth $1,861,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in STO. Baker Ellis Asset Management LLC bought a new stake in shares of Statoil ASA during the 4th quarter valued at about $131,000. CoreCommodity Management LLC bought a new stake in shares of Statoil ASA during the 4th quarter valued at about $159,000. Advisor Group Inc. boosted its stake in shares of Statoil ASA by 31.4% during the 3rd quarter. Advisor Group Inc. now owns 10,506 shares of the oil and gas company’s stock valued at $210,000 after purchasing an additional 2,511 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Statoil ASA by 234.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,363 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 7,964 shares in the last quarter. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Statoil ASA during the 4th quarter valued at about $248,000. 5.07% of the stock is currently owned by hedge funds and other institutional investors.
Statoil ASA (NYSE:STO) opened at $23.03 on Wednesday. Statoil ASA has a 12-month low of $16.18 and a 12-month high of $24.47. The stock has a market cap of $76,133.76, a PE ratio of 16.48 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.36.
STO has been the subject of a number of recent research reports. BMO Capital Markets cut shares of Statoil ASA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 14th. Bank of America cut shares of Statoil ASA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 5th. ValuEngine raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada raised shares of Statoil ASA from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 2nd. Finally, Macquarie raised shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Statoil ASA presently has a consensus rating of “Hold” and an average price target of $21.00.
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Statoil ASA 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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