Westside Investment Management Inc. Invests $83,000 in Total SA (NYSE:TOT)

Westside Investment Management Inc. acquired a new position in Total SA (NYSE:TOT) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,500 shares of the oil and gas exploration company’s stock, valued at approximately $83,000.

Several other large investors also recently bought and sold shares of the company. Lindbrook Capital LLC increased its stake in shares of Total by 105.1% in the 2nd quarter. Lindbrook Capital LLC now owns 4,588 shares of the oil and gas exploration company’s stock worth $255,000 after purchasing an additional 2,351 shares in the last quarter. Garland Capital Management Inc. boosted its holdings in Total by 5.1% in the 2nd quarter. Garland Capital Management Inc. now owns 59,172 shares of the oil and gas exploration company’s stock worth $3,301,000 after buying an additional 2,895 shares during the period. Quadrant Capital Group LLC boosted its holdings in Total by 17.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 19,843 shares of the oil and gas exploration company’s stock worth $1,093,000 after buying an additional 2,877 shares during the period. BB&T Corp boosted its holdings in Total by 1.7% in the 2nd quarter. BB&T Corp now owns 115,192 shares of the oil and gas exploration company’s stock worth $6,427,000 after buying an additional 1,926 shares during the period. Finally, Parsec Financial Management Inc. boosted its holdings in Total by 1.1% in the 2nd quarter. Parsec Financial Management Inc. now owns 347,949 shares of the oil and gas exploration company’s stock worth $19,412,000 after buying an additional 3,686 shares during the period. Hedge funds and other institutional investors own 6.46% of the company’s stock.

Several research analysts recently weighed in on the stock. Citigroup downgraded shares of Total from a “buy” rating to a “neutral” rating in a report on Tuesday, May 7th. Zacks Investment Research raised shares of Total from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Wednesday, May 22nd. 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. Goldman Sachs Group reaffirmed a “buy” rating and issued a $70.00 target price on shares of Total in a report on Monday, July 15th. Finally, HSBC reaffirmed a “buy” rating and issued a $58.50 target price on shares of Total in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $53.08.

Shares of TOT traded down $0.14 during midday trading on Tuesday, hitting $49.00. 1,871,816 shares of the company traded hands, compared to its average volume of 2,016,051. The firm has a 50 day simple moving average of $54.47. Total SA has a 52 week low of $48.92 and a 52 week high of $65.69. The stock has a market cap of $122.57 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.25.

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

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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