Stephens Inc. AR grew its holdings in Total SA (NYSE:TOT) by 25.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 149,501 shares of the oil and gas exploration company’s stock after acquiring an additional 30,447 shares during the quarter. Stephens Inc. AR’s holdings in Total were worth $8,341,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Garland Capital Management Inc. boosted its holdings in Total by 5.1% in the second quarter. Garland Capital Management Inc. now owns 59,172 shares of the oil and gas exploration company’s stock worth $3,301,000 after acquiring an additional 2,895 shares in the last quarter. Fundamentun LLC purchased a new position in shares of Total in the first quarter worth about $703,000. Advisor Partners LLC raised its stake in shares of Total by 3.3% in the second quarter. Advisor Partners LLC now owns 13,006 shares of the oil and gas exploration company’s stock worth $726,000 after purchasing an additional 419 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Total in the first quarter worth about $17,719,000. Finally, Private Capital Group LLC raised its stake in shares of Total by 39.2% in the first quarter. Private Capital Group LLC now owns 3,832 shares of the oil and gas exploration company’s stock worth $215,000 after purchasing an additional 1,080 shares during the last quarter. 6.38% of the stock is owned by institutional investors and hedge funds.
TOT stock traded down $0.02 during trading on Thursday, hitting $48.30. 48,215 shares of the company traded hands, compared to its average volume of 2,164,895. The stock’s 50-day moving average is $53.40. The company has a current ratio of 1.25, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $120.53 billion, a P/E ratio of 9.52, a PEG ratio of 1.21 and a beta of 0.67. Total SA has a 1 year low of $47.91 and a 1 year high of $65.69.
Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Total from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, May 22nd. BMO Capital Markets reduced their price objective on Total from $11.00 to $8.50 and set a “market perform” rating for the company in a research note on Friday, August 9th. HSBC restated a “buy” rating and issued a $58.50 price objective on shares of Total in a research note on Thursday, May 23rd. Goldman Sachs Group restated a “buy” rating and issued a $70.00 price objective on shares of Total in a research note on Monday, July 15th. Finally, Citigroup cut Total from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.71.
Total Company Profile
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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