Granite Investment Advisors LLC decreased its stake in TotalFinaElf, S.A. (NYSE:TOT) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,667 shares of the oil and gas exploration company’s stock after selling 5,836 shares during the period. Granite Investment Advisors LLC’s holdings in TotalFinaElf, were worth $5,763,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in TotalFinaElf, by 762,513.6% in the first quarter. BlackRock Inc. now owns 12,575,498 shares of the oil and gas exploration company’s stock valued at $634,057,000 after buying an additional 12,573,849 shares in the last quarter. Epoch Investment Partners Inc. raised its position in TotalFinaElf, by 5,258.7% in the first quarter. Epoch Investment Partners Inc. now owns 1,038,040 shares of the oil and gas exploration company’s stock valued at $52,338,000 after buying an additional 1,018,669 shares in the last quarter. Wells Fargo & Company MN raised its position in TotalFinaElf, by 15.2% in the first quarter. Wells Fargo & Company MN now owns 6,682,805 shares of the oil and gas exploration company’s stock valued at $336,947,000 after buying an additional 884,137 shares in the last quarter. Bank of America Corp DE raised its position in TotalFinaElf, by 8.2% in the first quarter. Bank of America Corp DE now owns 11,558,053 shares of the oil and gas exploration company’s stock valued at $582,759,000 after buying an additional 871,051 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new position in TotalFinaElf, during the first quarter valued at about $41,274,000. 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. TotalFinaElf, S.A. has a one year low of $45.05 and a one year high of $54.71. The stock’s 50 day moving average price is $50.05 and its 200 day moving average price is $50.80. The company has a market cap of $126.71 billion, a PE ratio of 17.54 and a beta of 0.76.

TotalFinaElf, (NYSE:TOT) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.98 by $0.01. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. The business had revenue of $39.92 billion for the quarter. Equities analysts predict that TotalFinaElf, S.A. will post $3.95 earnings per share for the current fiscal year.

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Several research analysts have issued reports on TOT shares. Morgan Stanley reiterated a “neutral” rating on shares of TotalFinaElf, in a research note on Thursday, April 13th. Simmons increased their price objective on TotalFinaElf, from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. TheStreet upgraded TotalFinaElf, from a “c” rating to a “b” rating in a research note on Thursday, April 27th. Canaccord Genuity upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Friday, July 21st. Finally, ValuEngine lowered TotalFinaElf, from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. TotalFinaElf, currently has a consensus rating of “Hold” and a consensus target price 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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