CIBC Asset Management Inc Raises Position in TotalFinaElf, S.A. (TOT)
CIBC Asset Management Inc increased its position in shares of TotalFinaElf, S.A. (NYSE:TOT) by 10.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,405 shares of the oil and gas exploration company’s stock after buying an additional 7,615 shares during the period. CIBC Asset Management Inc’s holdings in TotalFinaElf, were worth $3,988,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of TOT. Americafirst Capital Management LLC bought a new stake in shares of TotalFinaElf, during the first quarter worth $152,000. Private Trust Co. NA bought a new stake in shares of TotalFinaElf, during the first quarter worth $230,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of TotalFinaElf, during the first quarter worth $975,000. Bremer Trust National Association increased its stake in shares of TotalFinaElf, by 25.0% in the first quarter. Bremer Trust National Association now owns 38,770 shares of the oil and gas exploration company’s stock worth $1,955,000 after buying an additional 7,765 shares during the period. Finally, Capstone Asset Management Co. increased its stake in shares of TotalFinaElf, by 2.4% in the first quarter. Capstone Asset Management Co. now owns 198,196 shares of the oil and gas exploration company’s stock worth $9,993,000 after buying an additional 4,610 shares during the period. 6.15% of the stock is owned by hedge funds and other institutional investors.
TotalFinaElf, S.A. (TOT) opened at 51.92 on Friday. TotalFinaElf, S.A. has a 12-month low of $45.05 and a 12-month high of $54.71. The company has a market capitalization of $129.33 billion, a P/E ratio of 17.90 and a beta of 0.76. The stock’s 50 day moving average is $49.79 and its 200-day moving average is $50.78.
TotalFinaElf, (NYSE:TOT) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.01. The business had revenue of $39.92 billion during the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. On average, equities analysts predict that TotalFinaElf, S.A. will post $3.99 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. ValuEngine downgraded shares of TotalFinaElf, from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Howard Weil downgraded shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 17th. Scotiabank reissued a “hold” rating and issued a $54.00 price target on shares of TotalFinaElf, in a report on Wednesday, May 17th. Morgan Stanley reissued a “neutral” rating on shares of TotalFinaElf, in a report on Thursday, April 13th. Finally, TheStreet raised shares of TotalFinaElf, from a “c” rating to a “b” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. TotalFinaElf, currently has an average rating of “Hold” and an average price target of $53.75.
TotalFinaElf, Company Profile
Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
Receive News & Ratings for TotalFinaElf S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalFinaElf S.A. and related companies with MarketBeat.com's FREE daily email newsletter.