Wells Fargo & Company MN Cuts Position in Total SA (NYSE:TOT)

Wells Fargo & Company MN lessened its holdings in Total SA (NYSE:TOT) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,828,318 shares of the oil and gas exploration company’s stock after selling 68,845 shares during the period. Wells Fargo & Company MN owned approximately 0.27% of Total worth $380,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Securities Inc. increased its position 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 buying an additional 1,279 shares during the period. Geode Capital Management LLC increased its holdings in shares of Total by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 52,536 shares of the oil and gas exploration company’s stock valued at $2,741,000 after purchasing an additional 5,566 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 valued at $37,020,000 after purchasing an additional 7,031 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Total during the first quarter valued at $4,366,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Total by 3.4% during the first quarter. Oppenheimer & Co. Inc. now owns 7,566 shares of the oil and gas exploration company’s stock valued at $421,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 6.35% of the company’s stock.

A number of brokerages have recently commented on TOT. Credit Suisse Group reissued a “buy” rating and set a $58.00 price target on shares of Total in a report on Monday, July 15th. Citigroup lowered Total from a “buy” rating to a “neutral” rating in a report on Thursday. Zacks Investment Research raised Total from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, May 22nd. HSBC reissued a “buy” rating and set a $58.50 price target on shares of Total in a report on Thursday, May 23rd. Finally, Morgan Stanley lowered Total from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $46.71.

TOT stock traded down $0.85 during trading hours on Friday, hitting $48.12. 1,449,112 shares of the stock traded hands, compared to its average volume of 2,260,662. The stock has a 50-day simple moving average of $52.07 and a 200 day simple moving average of $54.55. Total SA has a one year low of $47.70 and a one year high of $65.69. The company has a market cap of $122.15 billion, a P/E ratio of 9.53, a P/E/G ratio of 1.25 and a beta of 0.67. 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 announced its earnings results on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.18). Total had a net margin of 5.23% and a return on equity of 10.68%. The firm had revenue of $51.24 billion for the quarter. Analysts forecast that Total SA will post 4.92 earnings per share for the current 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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