Granite Investment Advisors LLC Decreases Stake in Total SA (TOT)
Granite Investment Advisors LLC lowered its position in shares of Total SA (NYSE:TOT) by 40.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 66,301 shares of the oil and gas exploration company’s stock after selling 45,185 shares during the period. Granite Investment Advisors LLC’s holdings in Total were worth $3,665,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. ETRADE Capital Management LLC grew its holdings in shares of Total by 18.6% during the 4th quarter. ETRADE Capital Management LLC now owns 127,471 shares of the oil and gas exploration company’s stock worth $7,047,000 after purchasing an additional 20,034 shares during the period. Annex Advisory Services LLC purchased a new stake in shares of Total during the 4th quarter worth about $980,000. MML Investors Services LLC grew its holdings in shares of Total by 8.1% during the 4th quarter. MML Investors Services LLC now owns 67,225 shares of the oil and gas exploration company’s stock worth $3,716,000 after purchasing an additional 5,047 shares during the period. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Total by 1,111.3% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,414,753 shares of the oil and gas exploration company’s stock worth $188,768,000 after purchasing an additional 3,132,853 shares during the period. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of Total during the 4th quarter worth about $515,000. Institutional investors and hedge funds own 5.43% of the company’s stock.
A number of analysts have recently issued reports on the company. Piper Jaffray Companies reiterated a “hold” rating and set a $58.00 target price on shares of Total in a report on Friday, February 23rd. Sanford C. Bernstein upgraded Total from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a report on Friday, February 9th. Zacks Investment Research cut Total from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Cowen restated an “outperform” rating and issued a $64.00 price target (up previously from $58.00) on shares of Total in a report on Thursday, February 8th. Finally, Morgan Stanley upgraded Total from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.78.
Total (NYSE:TOT) last released its earnings results on Thursday, February 8th. The oil and gas exploration company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The company had revenue of $47.35 billion during the quarter. Total had a return on equity of 9.55% and a net margin of 5.03%. equities analysts forecast that Total SA will post 4.83 earnings per share for the current year.
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Total Company Profile
Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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