Sawyer & Company Inc acquired a new position in Total SA (NYSE:TOT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,745 shares of the oil and gas exploration company’s stock, valued at approximately $923,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TOT. Equity Investment Corp bought a new position in shares of Total in the second quarter worth about $62,744,000. Invesco Ltd. boosted its stake in shares of Total by 259.5% in the second quarter. Invesco Ltd. now owns 572,533 shares of the oil and gas exploration company’s stock worth $31,942,000 after acquiring an additional 413,288 shares during the period. Gabelli Funds LLC bought a new position in shares of Total in the second quarter worth about $20,670,000. Randolph Co Inc bought a new position in shares of Total in the second quarter worth about $19,221,000. Finally, Bank of America Corp DE boosted its stake in shares of Total by 2.2% in the second quarter. Bank of America Corp DE now owns 16,174,636 shares of the oil and gas exploration company’s stock worth $902,382,000 after acquiring an additional 343,826 shares during the period. 5.99% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Total from a “neutral” rating to an “overweight” rating in a research note on Monday, September 16th. Credit Suisse Group reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Total in a research note on Monday, July 15th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Total in a research note on Monday, July 15th. BMO Capital Markets assumed coverage on Total in a research note on Tuesday, August 20th. They issued a “market perform” rating for the company. Finally, Citigroup lowered Total from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $52.13.
Total stock traded up $0.40 during midday trading on Thursday, reaching $51.50. 73,853 shares of the stock traded hands, compared to its average volume of 3,598,929. The stock’s fifty day moving average is $50.97 and its 200-day moving average is $53.03. Total SA has a 12 month low of $47.70 and a 12 month high of $62.10. The stock has a market cap of $135.08 billion, a P/E ratio of 10.15, a PEG ratio of 1.68 and a beta of 0.69. The company has a quick ratio of 1.00, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.
Total (NYSE:TOT) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18). Total had a net margin of 5.23% and a return on equity of 10.68%. The firm had revenue of $51.24 billion for the quarter. On average, equities analysts predict that Total SA will post 4.6 EPS for the current fiscal year.
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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