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Total SA (NYSE:TOT) Position Lessened by Buckingham Asset Management LLC

By August 29, 2019 No Comments

Buckingham Asset Management LLC reduced its stake in shares of Total SA (NYSE:TOT) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,358 shares of the oil and gas exploration company’s stock after selling 310 shares during the quarter. Buckingham Asset Management LLC’s holdings in Total were worth $522,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TOT. Garland Capital Management Inc. lifted its position in shares of Total by 5.1% during the 2nd quarter. Garland Capital Management Inc. now owns 59,172 shares of the oil and gas exploration company’s stock valued at $3,301,000 after buying an additional 2,895 shares in the last quarter. Advisor Partners LLC lifted its holdings in Total by 3.3% in the 2nd quarter. Advisor Partners LLC now owns 13,006 shares of the oil and gas exploration company’s stock valued at $726,000 after purchasing an additional 419 shares in the last quarter. Manning & Napier Group LLC purchased a new position in Total in the 2nd quarter valued at $8,445,000. Fundamentun LLC purchased a new position in Total in the 1st quarter valued at $703,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Total in the 1st quarter valued at $17,719,000. 6.35% of the stock is owned by institutional investors.

A number of brokerages have weighed in on TOT. Zacks Investment Research upgraded Total from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, May 22nd. Citigroup downgraded Total from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. BMO Capital Markets started coverage on Total in a research note on Tuesday, August 20th. They issued a “market perform” rating for the company. Goldman Sachs Group reissued a “buy” rating and set a $70.00 price objective on shares of Total in a research report on Monday, July 15th. Finally, Morgan Stanley downgraded Total from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.71.

TOT stock traded up $0.16 during trading on Wednesday, hitting $48.89. 353,931 shares of the company’s stock were exchanged, compared to its average volume of 2,296,483. The business has a 50-day moving average price of $51.50 and a two-hundred day moving average price of $54.41. The stock has a market capitalization of $120.03 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 1.23 and a beta of 0.67. Total SA has a 52-week low of $47.70 and a 52-week high of $65.69. The company has a current ratio of 1.25, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38.

Total (NYSE:TOT) last posted its earnings results on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.18). The business had revenue of $51.24 billion for the quarter. Total had a return on equity of 10.68% and a net margin of 5.23%. On average, equities research analysts anticipate that Total SA will post 4.92 earnings per share for the current fiscal year.

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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