Stock Traders Buy High Volume of Call Options on TotalEnergies (NYSE:TTE)

TotalEnergies SE Sponsored ADR (NYSE:TTE) was the target of some unusual options trading activity on Monday. Traders purchased 5,101 call options on the stock. This is an increase of approximately 176% compared to the typical volume of 1,851 call options.

Analyst Upgrades and Downgrades

TTE has been the topic of several research reports. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, Scotiabank raised their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TTE. Amundi bought a new stake in TotalEnergies in the 1st quarter worth about $18,868,822,000. Vanguard Group Inc. purchased a new stake in TotalEnergies in the 4th quarter valued at about $5,337,330,000. Capital International Investors lifted its position in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after buying an additional 40,192,677 shares in the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $1,982,676,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 3.3%

Shares of TotalEnergies stock opened at $81.09 on Tuesday. The company has a market capitalization of $194.42 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 2.79 and a beta of 0.14. The stock has a fifty day simple moving average of $85.49 and a 200 day simple moving average of $81.18. TotalEnergies has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, sell-side analysts anticipate that TotalEnergies will post 10.58 earnings per share for the current fiscal year.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.