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Allianz Asset Management GmbH Reduces Position in Total SA (NYSE:TOT)

By August 29, 2019 No Comments

Allianz Asset Management GmbH lessened its holdings in shares of Total SA (NYSE:TOT) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,516,065 shares of the oil and gas exploration company’s stock after selling 25,786 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of Total worth $84,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TOT. Weaver Consulting Group purchased a new position in shares of Total during the 1st quarter valued at $26,000. Motco lifted its stake in shares of Total by 170.4% during the 2nd quarter. Motco now owns 538 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Personal Wealth Partners purchased a new position in shares of Total during the 2nd quarter valued at $30,000. Enterprise Financial Services Corp lifted its stake in shares of Total by 65.0% during the 1st quarter. Enterprise Financial Services Corp now owns 571 shares of the oil and gas exploration company’s stock valued at $32,000 after buying an additional 225 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in shares of Total during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 6.35% of the company’s stock.

Shares of NYSE TOT opened at $48.73 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.25. The company has a market cap of $120.03 billion, a P/E ratio of 9.65, a P/E/G ratio of 1.23 and a beta of 0.67. The firm’s fifty day moving average is $51.50 and its two-hundred day moving average is $54.41. Total SA has a 52-week low of $47.70 and a 52-week high of $65.69.

Total (NYSE:TOT) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.18). The company had revenue of $51.24 billion during the quarter. Total had a net margin of 5.23% and a return on equity of 10.68%. As a group, analysts forecast that Total SA will post 4.92 EPS for the current fiscal year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Total from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, May 22nd. HSBC restated a “buy” rating and set a $58.50 target price on shares of Total in a research note on Thursday, May 23rd. ValuEngine cut shares of Total from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BMO Capital Markets assumed coverage on shares of Total in a research note on Tuesday, August 20th. They set a “market perform” rating on the stock. Finally, Credit Suisse Group restated a “buy” rating and set a $58.00 target price on shares of Total in a research note on Monday, July 15th. 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 has a consensus rating of “Buy” and an average price target of $46.71.

Total 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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Institutional Ownership by Quarter for Total (NYSE:TOT)

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