Macquarie Begins Coverage on Statoil ASA (STO)

Stock analysts at Macquarie started coverage on shares of Statoil ASA (NYSE:STO) in a report issued on Friday. The firm set an “underperform” rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Goldman Sachs Group Inc reiterated a “sell” rating on shares of Statoil ASA in a research note on Tuesday, February 21st. Zacks Investment Research cut shares of Statoil ASA from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Finally, Scotiabank set a $17.00 target price on shares of Statoil ASA and gave the company a “hold” rating in a research note on Wednesday, February 8th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.88.

Analyst Recommendations for Statoil ASA (NYSE:STO)

Statoil ASA (NYSE:STO) traded down 0.82% during mid-day trading on Friday, reaching $16.84. The company’s stock had a trading volume of 1,517,023 shares. Statoil ASA has a 52-week low of $14.50 and a 52-week high of $19.26. The company has a 50 day moving average of $17.56 and a 200-day moving average of $17.29. The stock’s market cap is $54.46 billion.

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Institutional investors have recently bought and sold shares of the company. Hall Laurie J Trustee bought a new position in Statoil ASA during the fourth quarter worth $117,000. Tyers Asset Management LLC bought a new position in Statoil ASA during the fourth quarter worth $156,000. Menora Mivtachim Holdings LTD. bought a new position in Statoil ASA during the fourth quarter worth $159,000. Traynor Capital Management Inc. bought a new position in Statoil ASA during the third quarter worth $167,000. Finally, Private Advisor Group LLC boosted its position in Statoil ASA by 3.8% in the fourth quarter. Private Advisor Group LLC now owns 10,387 shares of the company’s stock worth $196,000 after buying an additional 377 shares in the last quarter. Institutional investors own 5.13% of the company’s stock.

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

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