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Total SA (NYSE:TOT) Shares Sold by CIBC Asset Management Inc

By August 23, 2019 No Comments

CIBC Asset Management Inc lowered its holdings in shares of Total SA (NYSE:TOT) by 19.7% in the second quarter, HoldingsChannel.com reports. The fund owned 119,016 shares of the oil and gas exploration company’s stock after selling 29,137 shares during the quarter. CIBC Asset Management Inc’s holdings in Total were worth $6,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Securities Inc. grew its holdings in Total by 21.8% in the fourth quarter. Comerica Securities Inc. now owns 7,146 shares of the oil and gas exploration company’s stock worth $377,000 after purchasing an additional 1,279 shares during the last quarter. Geode Capital Management LLC grew its holdings in Total by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 52,536 shares of the oil and gas exploration company’s stock worth $2,741,000 after purchasing an additional 5,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Total by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 709,465 shares of the oil and gas exploration company’s stock worth $37,020,000 after buying an additional 7,031 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in shares of Total during the first quarter worth $30,000. Finally, Winslow Evans & Crocker Inc. lifted its stake in shares of Total by 18.9% during the first quarter. Winslow Evans & Crocker Inc. now owns 1,622 shares of the oil and gas exploration company’s stock worth $92,000 after buying an additional 258 shares during the period. Institutional investors own 6.35% of the company’s stock.

TOT has been the subject of several research reports. HSBC reiterated a “buy” rating and set a $58.50 price objective on shares of Total in a research note on Thursday, May 23rd. Goldman Sachs Group reiterated a “buy” rating and set a $70.00 price objective on shares of Total in a research note on Monday, July 15th. ValuEngine downgraded shares of Total from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Credit Suisse Group reiterated a “buy” rating and set a $58.00 price objective on shares of Total in a research note on Monday, July 15th. Finally, Zacks Investment Research upgraded shares of Total from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, May 22nd. 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 company. The stock has a consensus rating of “Buy” and a consensus target price of $46.71.

NYSE TOT opened at $49.12 on Thursday. The company has a market capitalization of $123.07 billion, a PE ratio of 9.73, a P/E/G ratio of 1.20 and a beta of 0.67. The company has a fifty day moving average of $52.34 and a 200 day moving average of $54.61. Total SA has a 1 year low of $47.70 and a 1 year high of $65.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 1.00.

Total (NYSE:TOT) last posted its 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 business had revenue of $51.24 billion for the quarter. Total had a net margin of 5.23% and a return on equity of 10.68%. Research analysts expect that Total SA will post 5.02 earnings per share for the current year.

About Total

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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