Total SA (TOT) Sees Large Volume Increase
Total SA (NYSE:TOT) saw unusually-strong trading volume on Tuesday . Approximately 2,097,724 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 1,495,490 shares.The stock last traded at $49.20 and had previously closed at $48.60.
Several equities analysts have recently weighed in on TOT shares. Bank of America Corp. downgraded shares of Total SA from a “buy” rating to a “neutral” rating in a research note on Friday, July 15th. TheStreet upgraded shares of Total SA from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Total SA in a research note on Thursday, July 21st. Barclays PLC upgraded shares of Total SA from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 4th. Finally, Morgan Stanley downgraded shares of Total SA from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 30th. Nine analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.47.
The firm has a market capitalization of $117.91 billion and a PE ratio of 38.9504. The firm has a 50 day moving average price of $47.75 and a 200 day moving average price of $46.96.
An institutional investor recently raised its position in Total SA stock. Frontier Investment Mgmt Co. raised its stake in Total SA (NYSE:TOT) by 2.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 119,808 shares of the oil and gas exploration company’s stock after buying an additional 3,094 shares during the period. Frontier Investment Mgmt Co.’s holdings in Total SA were worth $5,384,000 at the end of the most recent quarter.
Total SA is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities.
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