Total SA (TOT) Stake Lessened by Brandes Investment Partners LP
Brandes Investment Partners LP lessened its stake in Total SA (NYSE:TOT) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 650,578 shares of the oil and gas exploration company’s stock after selling 11,351 shares during the quarter. Brandes Investment Partners LP’s holdings in Total were worth $34,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Grove Bank & Trust raised its position in shares of Total by 97.3% in the 3rd quarter. Grove Bank & Trust now owns 5,518 shares of the oil and gas exploration company’s stock worth $295,000 after purchasing an additional 2,721 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Total by 9.2% in the 3rd quarter. Wells Fargo & Company MN now owns 6,952,181 shares of the oil and gas exploration company’s stock worth $372,080,000 after purchasing an additional 587,013 shares during the last quarter. Founders Financial Securities LLC raised its position in shares of Total by 5.2% in the 3rd quarter. Founders Financial Securities LLC now owns 18,431 shares of the oil and gas exploration company’s stock worth $986,000 after purchasing an additional 905 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Total by 3.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 242,602 shares of the oil and gas exploration company’s stock worth $12,984,000 after purchasing an additional 7,700 shares during the last quarter. Finally, American Trust Investment Advisors LLC purchased a new position in shares of Total in the 3rd quarter worth about $214,000. 5.38% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on TOT. Scotiabank set a $52.00 price objective on Total and gave the stock a “hold” rating in a report on Tuesday, August 8th. Cowen reiterated a “buy” rating and issued a $58.00 price objective on shares of Total in a report on Tuesday, September 19th. Barclays downgraded Total from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $50.30 to $57.00 in a report on Monday, August 21st. Piper Jaffray Companies reiterated a “hold” rating and issued a $53.00 price objective on shares of Total in a report on Thursday, October 19th. Finally, Royal Bank Of Canada downgraded Total from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Total has an average rating of “Hold” and a consensus price target of $49.50.
Total SA (NYSE TOT) traded down $0.29 during trading on Thursday, hitting $56.46. The company’s stock had a trading volume of 2,234,782 shares, compared to its average volume of 1,696,179. The company has a market cap of $141,012.78, a P/E ratio of 14.22, a P/E/G ratio of 2.29 and a beta of 0.77. Total SA has a 1-year low of $46.04 and a 1-year high of $56.98. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.
Total (NYSE:TOT) last released its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.03). The firm had revenue of $43.04 billion for the quarter. Total had a net margin of 4.90% and a return on equity of 9.39%. equities research analysts forecast that Total SA will post 4.11 EPS for the current fiscal year.
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Total 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.
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