RNC Capital Management LLC Decreases Stake in Total SA (NYSE:TOT)

RNC Capital Management LLC cut its holdings in shares of Total SA (NYSE:TOT) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 826,153 shares of the oil and gas exploration company’s stock after selling 38,697 shares during the quarter. Total makes up about 3.2% of RNC Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. RNC Capital Management LLC’s holdings in Total were worth $46,091,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Total during the first quarter valued at about $25,000. Weaver Consulting Group bought a new stake in Total during the first quarter valued at about $26,000. Financial Gravity Wealth Inc. bought a new stake in shares of Total in the first quarter worth about $30,000. Enterprise Financial Services Corp increased its holdings in shares of Total by 65.0% in the first quarter. Enterprise Financial Services Corp now owns 571 shares of the oil and gas exploration company’s stock worth $32,000 after purchasing an additional 225 shares during the last quarter. Finally, Camarda Financial Advisors LLC increased its holdings in shares of Total by 1,212.8% in the first quarter. Camarda Financial Advisors LLC now owns 617 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 570 shares during the last quarter. 6.46% of the stock is currently owned by institutional investors and hedge funds.

NYSE TOT traded down $0.15 during trading hours on Monday, hitting $49.24. 147,797 shares of the company were exchanged, compared to its average volume of 1,842,508. The stock has a 50-day moving average price of $54.70. The company has a current ratio of 1.25, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. Total SA has a 52 week low of $49.18 and a 52 week high of $65.69. The stock has a market capitalization of $123.20 billion, a PE ratio of 9.75, a PEG ratio of 1.25 and a beta of 0.67.

Total (NYSE:TOT) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.18). Total had a return on equity of 10.68% and a net margin of 5.23%. The company had revenue of $51.24 billion for the quarter. As a group, analysts expect that Total SA will post 4.94 EPS for the current year.

Several equities research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed a “buy” rating and issued a $58.00 target price on shares of Total in a report on Monday, July 15th. Zacks Investment Research raised Total from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Wednesday, May 22nd. Citigroup cut Total from a “buy” rating to a “neutral” rating in a report on Tuesday, May 7th. Morgan Stanley cut Total from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 31st. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Total in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $53.08.

About Total

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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Institutional Ownership by Quarter for Total (NYSE:TOT)

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