Statoil ASA Stock To Go Ex-dividend Tomorrow (STO)

NEW YORK (TheStreet) -- The ex-dividend date for Statoil ASA (NYSE:STO) is tomorrow, May 17, 2012. Owners of shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $25.04 as of 9:30 a.m. ET, the dividend yield is 3.8%.

The average volume for Statoil ASA has been 1.5 million shares per day over the past 30 days. Statoil ASA has a market cap of $80.45 billion and is part of the basic materials sector and energy industry. Shares are down 1.9% year to date as of the close of trading on Tuesday.

Statoil ASA, an integrated energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company has a P/E ratio of 8.4, above the average energy industry P/E ratio of 5.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Statoil ASA as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, notable return on equity, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Statoil ASA Ratings Report.

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