Wedge Capital Management L L P NC cut its stake in shares of TotalFinaElf, S.A. (NYSE:TOT) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,110 shares of the oil and gas exploration company’s stock after selling 42,110 shares during the period. Wedge Capital Management L L P NC’s holdings in TotalFinaElf, were worth $12,105,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Profund Advisors LLC raised its position in shares of TotalFinaElf, by 51.0% in the first quarter. Profund Advisors LLC now owns 43,766 shares of the oil and gas exploration company’s stock valued at $2,207,000 after buying an additional 14,773 shares in the last quarter. Lesa Sroufe & Co raised its position in shares of TotalFinaElf, by 0.3% in the first quarter. Lesa Sroufe & Co now owns 63,084 shares of the oil and gas exploration company’s stock valued at $3,181,000 after buying an additional 175 shares in the last quarter. Foster & Motley Inc. raised its position in shares of TotalFinaElf, by 6.8% in the first quarter. Foster & Motley Inc. now owns 217,578 shares of the oil and gas exploration company’s stock valued at $10,970,000 after buying an additional 13,847 shares in the last quarter. Sigma Planning Corp raised its position in shares of TotalFinaElf, by 2.4% in the first quarter. Sigma Planning Corp now owns 7,257 shares of the oil and gas exploration company’s stock valued at $366,000 after buying an additional 170 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised 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. Institutional investors and hedge funds own 6.18% of the company’s stock.

Shares of TotalFinaElf, S.A. (NYSE:TOT) opened at 50.18 on Tuesday. TotalFinaElf, S.A. has a 12-month low of $45.05 and a 12-month high of $54.71. The firm has a 50-day moving average of $50.11 and a 200 day moving average of $50.78. The firm has a market capitalization of $125.00 billion, a price-to-earnings ratio of 17.30 and a beta of 0.76.

TotalFinaElf, (NYSE:TOT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $39.92 billion during the quarter. On average, equities research analysts expect that TotalFinaElf, S.A. will post $3.95 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.watchlistnews.com/wedge-capital-management-l-l-p-nc-has-12-11-million-position-in-totalfinaelf-s-a-tot/1489462.html.

Several brokerages recently weighed in on TOT. ValuEngine lowered shares of TotalFinaElf, from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Howard Weil lowered shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 17th. Scotiabank restated a “hold” rating and issued a $54.00 price objective on shares of TotalFinaElf, in a report on Wednesday, May 17th. TheStreet upgraded shares of TotalFinaElf, from a “c” rating to a “b” rating in a report on Thursday, April 27th. Finally, Societe Generale restated a “buy” rating on shares of TotalFinaElf, in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average 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.

Want to see what other hedge funds are holding TOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalFinaElf, S.A. (NYSE:TOT).

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

Receive News & Ratings for TotalFinaElf S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalFinaElf S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.