Summit Securities Group LLC Takes Position in TotalFinaElf, S.A. (NYSE:TOT)

Summit Securities Group LLC purchased a new position in TotalFinaElf, S.A. (NYSE:TOT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,327 shares of the oil and gas exploration company’s stock, valued at approximately $314,000.

A number of other institutional investors also recently modified their holdings of TOT. Foster & Motley Inc. boosted 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 worth $10,970,000 after buying an additional 13,847 shares in the last quarter. Sigma Planning Corp boosted its position in 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 during the period. Gilman Hill Asset Management LLC boosted its position in 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 during the period. Ferguson Wellman Capital Management Inc. boosted its position in 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 during the period. Finally, Concorde Asset Management LLC boosted its position in 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 during the period. 6.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TotalFinaElf, S.A. (TOT) opened at 50.40 on Friday. The firm has a market capitalization of $125.54 billion, a price-to-earnings ratio of 17.38 and a beta of 0.76. 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 $50.08 and its 200 day moving average price is $50.80.

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

COPYRIGHT VIOLATION WARNING: “Summit Securities Group LLC Takes Position in TotalFinaElf, S.A. (NYSE:TOT)” was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.thestockobserver.com/2017/08/12/summit-securities-group-llc-takes-position-in-totalfinaelf-s-a-nysetot.html.

Several research firms have weighed in on TOT. Scotiabank set a $52.00 target price on TotalFinaElf, and gave the company a “hold” rating in a research note on Tuesday. Societe Generale reaffirmed a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. ValuEngine raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub cut TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. One equities research 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. 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.

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply