Trade Report: The Statoil ASA (STO) To Go Ex-Dividend on November 1st

The Statoil ASA (STO) To Go Ex-Dividend on November 1st

Statoil ASA (NYSE:STO) declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Thursday, November 3rd will be paid a dividend of 0.2201 per share on Friday, December 16th. This represents a $0.88 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Tuesday, November 1st.

Statoil ASA (NYSE:STO) opened at 16.53 on Monday. The stock’s market cap is $52.58 billion. Statoil ASA has a one year low of $10.89 and a one year high of $17.94. The stock’s 50 day moving average price is $16.21 and its 200 day moving average price is $16.42.

STO has been the topic of several recent analyst reports. Societe Generale raised Statoil ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Zacks Investment Research raised Statoil ASA from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, July 13th. Bank of America Corp. raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Friday, July 15th. Morgan Stanley cut Statoil ASA from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 21st. Finally, DNB Markets raised Statoil ASA from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.53.

Hedge funds have recently modified their holdings of the stock. Advisor Group Inc. acquired a new stake in shares of Statoil ASA during the second quarter valued at about $125,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Statoil ASA during the second quarter valued at about $225,000. BlackRock Inc. increased its stake in shares of Statoil ASA by 13.3% in the second quarter. BlackRock Inc. now owns 17,038 shares of the company’s stock valued at $295,000 after buying an additional 1,998 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Statoil ASA by 4.1% in the second quarter. Wetherby Asset Management Inc. now owns 18,495 shares of the company’s stock valued at $320,000 after buying an additional 723 shares during the period. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Statoil ASA during the second quarter valued at about $587,000. 5.33% of the stock is currently owned by institutional investors.

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