TotalEnergies SE Sponsored ADR $TTE Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC lifted its stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 50.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 150,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Viking Fund Management LLC’s holdings in TotalEnergies were worth $11,664,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Amundi purchased a new stake in shares of TotalEnergies during the 1st quarter valued at about $18,868,822,000. Vanguard Group Inc. purchased a new position in TotalEnergies in the 4th quarter worth approximately $5,337,330,000. Capital International Investors boosted its holdings in TotalEnergies by 1,438.5% in the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after acquiring an additional 49,245,192 shares during the period. Caisse Des Depots ET Consignations acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $1,982,676,000. Finally, Norges Bank acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $1,917,626,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $87.61 on Thursday. The firm has a market cap of $210.06 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 3.10 and a beta of 0.14. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $82.98 and its two-hundred day moving average is $84.16. TotalEnergies SE Sponsored ADR has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion during the quarter. Analysts forecast that TotalEnergies SE Sponsored ADR will post 10.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Profile

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.