Cullen Frost Bankers Inc. lessened its stake in shares of Total SA (NYSE:TOT) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,879 shares of the oil and gas exploration company’s stock after selling 1,739 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Total were worth $1,384,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of TOT. Sound Income Strategies LLC boosted its position in shares of Total by 11,725.0% during the fourth quarter. Sound Income Strategies LLC now owns 473 shares of the oil and gas exploration company’s stock worth $25,000 after buying an additional 469 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Total during the first quarter worth approximately $25,000. Essex Savings Bank acquired a new position in shares of Total during the fourth quarter worth approximately $27,000. Financial Gravity Wealth Inc. acquired a new position in shares of Total during the first quarter worth approximately $30,000. Finally, Berman Capital Advisors LLC acquired a new position in shares of Total during the fourth quarter worth approximately $32,000. Institutional investors own 6.26% of the company’s stock.
Shares of NYSE TOT traded up $0.43 during trading on Friday, hitting $53.42. The company had a trading volume of 891,028 shares, compared to its average volume of 1,568,473. The stock has a market capitalization of $132.78 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.09 and a beta of 0.63. Total SA has a 52 week low of $49.70 and a 52 week high of $65.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.27.
Total (NYSE:TOT) last posted its quarterly earnings results on Friday, April 26th. The oil and gas exploration company reported $1.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.09). The company had revenue of $51.21 billion during the quarter. Total had a net margin of 5.65% and a return on equity of 11.21%. On average, research analysts forecast that Total SA will post 5.4 earnings per share for the current year.
TOT has been the subject of a number of research analyst reports. HSBC restated a “buy” rating and issued a $58.50 target price on shares of Total in a research report on Wednesday, May 8th. Zacks Investment Research upgraded Total from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, May 8th. Deutsche Bank restated a “buy” rating on shares of Total in a research report on Tuesday, April 9th. Goldman Sachs Group restated a “buy” rating and issued a $68.00 target price on shares of Total in a research report on Friday, April 26th. Finally, ValuEngine upgraded Total from a “sell” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $51.70.
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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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