Sound Shore Management Inc. CT increased its stake in TotalFinaElf, S.A. (NYSE:TOT) by 20.7% during the second quarter, Holdings Channel reports. The firm owned 3,871,102 shares of the oil and gas exploration company’s stock after buying an additional 663,620 shares during the period. TotalFinaElf, makes up about 3.1% of Sound Shore Management Inc. CT’s portfolio, making the stock its 10th largest position. Sound Shore Management Inc. CT’s holdings in TotalFinaElf, were worth $191,968,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Gilman Hill Asset Management LLC increased its position in shares of TotalFinaElf, by 49.5% in the first quarter. Gilman Hill Asset Management LLC now owns 16,105 shares of the oil and gas exploration company’s stock valued at $812,000 after buying an additional 5,335 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its position in shares of TotalFinaElf, by 15.1% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 190,579 shares of the oil and gas exploration company’s stock valued at $9,609,000 after buying an additional 25,010 shares in the last quarter. Concorde Asset Management LLC increased its position in shares of TotalFinaElf, by 7.4% in the first quarter. Concorde Asset Management LLC now owns 5,416 shares of the oil and gas exploration company’s stock valued at $273,000 after buying an additional 375 shares in the last quarter. Nationwide Fund Advisors acquired a new position in shares of TotalFinaElf, during the first quarter valued at approximately $3,659,000. Finally, Ledyard National Bank increased its position in shares of TotalFinaElf, by 57,740.2% in the first quarter. Ledyard National Bank now owns 73,457 shares of the oil and gas exploration company’s stock valued at $3,703,000 after buying an additional 73,330 shares in the last quarter. Hedge funds and other institutional investors own 6.14% of the company’s stock.

Shares of TotalFinaElf, S.A. (NYSE:TOT) opened at 50.87 on Friday. The company has a market capitalization of $126.71 billion, a PE ratio of 17.54 and a beta of 0.76. The stock’s 50 day moving average price is $50.05 and its 200-day moving average price is $50.80. TotalFinaElf, S.A. has a 52-week low of $45.05 and a 52-week high of $54.71.

TotalFinaElf, (NYSE:TOT) last released its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.01. The firm had revenue of $39.92 billion for the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. On average, analysts expect that TotalFinaElf, S.A. will post $3.95 earnings per share for the current year.

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Several brokerages have commented on TOT. ValuEngine downgraded TotalFinaElf, from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. Howard Weil downgraded TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 17th. Scotiabank reaffirmed a “hold” rating and issued a $54.00 price target on shares of TotalFinaElf, in a research report on Wednesday, May 17th. Morgan Stanley reaffirmed a “neutral” rating on shares of TotalFinaElf, in a research report on Thursday, April 13th. Finally, TheStreet raised TotalFinaElf, from a “c” rating to a “b” rating in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $53.75.

About TotalFinaElf,

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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Institutional Ownership by Quarter for TotalFinaElf, (NYSE:TOT)

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