First Hawaiian Bank lessened its stake in shares of Total SA (NYSE:TOT) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,402 shares of the oil and gas exploration company’s stock after selling 1,101 shares during the quarter. First Hawaiian Bank’s holdings in Total were worth $1,752,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOT. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Total in the first quarter valued at about $25,000. Weaver Consulting Group bought a new position in Total during the first quarter worth about $26,000. Financial Gravity Wealth Inc. bought a new position in Total during the first quarter worth about $30,000. Enterprise Financial Services Corp grew its holdings in Total by 65.0% during the first quarter. Enterprise Financial Services Corp now owns 571 shares of the oil and gas exploration company’s stock worth $32,000 after purchasing an additional 225 shares during the period. Finally, Camarda Financial Advisors LLC grew its holdings in Total by 1,212.8% during the first quarter. Camarda Financial Advisors LLC now owns 617 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 570 shares during the period. Institutional investors own 6.38% of the company’s stock.
TOT has been the subject of a number of research analyst reports. Goldman Sachs Group restated a “buy” rating and set a $70.00 price objective on shares of Total in a report on Monday, July 15th. ValuEngine cut Total from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Morgan Stanley downgraded shares of Total from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 31st. BMO Capital Markets dropped their price target on shares of Total from $11.00 to $8.50 and set a “market perform” rating for the company in a research report on Friday, August 9th. Finally, Citigroup downgraded shares of Total from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.71.
Total (NYSE:TOT) last released its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $1.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.18). The business had revenue of $51.24 billion during the quarter. Total had a return on equity of 10.68% and a net margin of 5.23%. As a group, sell-side analysts forecast that Total SA will post 5.02 earnings per share for the current year.
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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