DORCHESTER WEALTH MANAGEMENT Co cut its position in shares of TotalFinaElf, S.A. (NYSE:TOT) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,777 shares of the oil and gas exploration company’s stock after selling 1,950 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in TotalFinaElf, were worth $733,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in 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 during the last quarter. Epoch Investment Partners Inc. boosted its position in TotalFinaElf, by 5,258.7% in the first quarter. Epoch Investment Partners Inc. now owns 1,038,040 shares of the oil and gas exploration company’s stock worth $52,338,000 after buying an additional 1,018,669 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 during the last quarter. Bank of America Corp DE boosted its position in 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 during the last quarter. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in TotalFinaElf, during the first quarter worth approximately $41,274,000. 6.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of TotalFinaElf, S.A. (TOT) traded down 1.03% on Thursday, hitting $49.88. 899,410 shares of the stock traded hands. The firm has a market cap of $124.25 billion, a P/E ratio of 17.20 and a beta of 0.76. The stock has a 50-day moving average price of $50.13 and a 200 day moving average price of $50.77. TotalFinaElf, S.A. has a 52 week low of $45.05 and a 52 week high of $54.71.
TotalFinaElf, (NYSE:TOT) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by $0.01. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. The firm had revenue of $39.92 billion during the quarter. Equities research analysts predict that TotalFinaElf, S.A. will post $3.95 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on TOT. Scotiabank restated a “hold” rating and set a $54.00 price objective on shares of TotalFinaElf, in a report on Wednesday, May 17th. ValuEngine cut TotalFinaElf, from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Canaccord Genuity upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Friday, July 21st. BidaskClub downgraded shares of TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Finally, Howard Weil downgraded shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $53.75.
TotalFinaElf, Company Profile
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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