|Daily Range||$26.80 - $27.13|
|52-Week Range||$20.02 - $27.34|
|Dividend (Yield)||$0.87 (3.1%)|
Dividend Pay Date
|Average Daily Volume||1,304,866|
|Current FY EPS||$2.46|
Statoil (ADR) (STO) Description
An integrated oil and gas company, headquartered in Stavanger, Norway which is based on both production and reserves. Website: http://www.statoil.com/
News & Commentary
Statoil’s Johan Sverdrup discovery is a truly massive find that could supply as much as a quarter of total production from the Norwegian Continental Shelf (NCS).
Though litigation uncertainty still lingers, BP plc’s asset sale program and focus on new upstream projects should significantly boost shareholder returns in the years ahead.
The Norwegian kroner declined significantly against the U.S. dollar from the beginning of November to the end of January. This will have a negative effect on investors who are attempting to compare Statoil to American alternatives and for those who are depending on the company's dividend to derive income.