Alpha Cubed Investments LLC lowered its position in shares of TotalFinaElf, S.A. (NYSE:TOT) by 96.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,583 shares of the oil and gas exploration company’s stock after selling 124,123 shares during the period. Alpha Cubed Investments LLC’s holdings in TotalFinaElf, were worth $227,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of TOT. BlackRock Inc. increased its position in shares of TotalFinaElf, by 762,513.6% in the first quarter. BlackRock Inc. now owns 12,575,498 shares of the oil and gas exploration company’s stock worth $634,057,000 after buying an additional 12,573,849 shares in the last quarter. Bank of America Corp DE increased its position in shares of TotalFinaElf, by 8.2% in the first quarter. Bank of America Corp DE now owns 11,558,053 shares of the oil and gas exploration company’s stock worth $582,759,000 after buying an additional 871,051 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of TotalFinaElf, by 15.2% in the first quarter. Wells Fargo & Company MN now owns 6,682,805 shares of the oil and gas exploration company’s stock worth $336,947,000 after buying an additional 884,137 shares in the last quarter. Sound Shore Management Inc. CT increased its position in shares of TotalFinaElf, by 11.8% in the first quarter. Sound Shore Management Inc. CT now owns 3,207,482 shares of the oil and gas exploration company’s stock worth $161,721,000 after buying an additional 337,911 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of TotalFinaElf, by 4.8% in the first quarter. American Century Companies Inc. now owns 2,821,150 shares of the oil and gas exploration company’s stock worth $142,242,000 after buying an additional 130,451 shares in the last quarter. Institutional investors and hedge funds own 6.15% of the company’s stock.
Shares of TotalFinaElf, S.A. (TOT) opened at 51.22 on Wednesday. The stock’s 50 day moving average price is $49.79 and its 200 day moving average price is $50.78. TotalFinaElf, S.A. has a 1-year low of $45.05 and a 1-year high of $54.71. The company has a market cap of $127.59 billion, a P/E ratio of 17.66 and a beta of 0.76.
TotalFinaElf, (NYSE:TOT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.01. The company had revenue of $39.92 billion during the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 14.07%. Equities research analysts forecast that TotalFinaElf, S.A. will post $3.87 earnings per share for the current year.
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A number of research analysts have recently weighed in on TOT shares. ValuEngine downgraded TotalFinaElf, from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Scotiabank set a $52.00 target price on TotalFinaElf, and gave the company a “hold” rating in a research note on Saturday, July 1st. Simmons boosted their target price on TotalFinaElf, from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Societe Generale restated a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. Finally, Howard Weil downgraded TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 17th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TotalFinaElf, has an average rating of “Hold” and a consensus price target of $53.75.
About TotalFinaElf,
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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