Citigroup Lowers Total (NYSE:TOT) to Neutral

Total (NYSE:TOT) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Tuesday, May 7th, MarketBeat reports.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Total from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Monday, April 15th. Deutsche Bank reissued a “buy” rating on shares of Total in a report on Tuesday, April 9th. GMP Securities reissued a “buy” rating and set a $16.00 price target on shares of Total in a report on Tuesday, January 8th. Goldman Sachs Group reissued a “buy” rating and set a $68.00 price target on shares of Total in a report on Friday, April 26th. Finally, Royal Bank of Canada raised Total from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 26th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $51.70.

Shares of TOT stock traded down $0.49 during mid-day trading on Tuesday, hitting $52.02. 1,389,103 shares of the stock were exchanged, compared to its average volume of 1,455,237. The firm has a market cap of $131.95 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.05 and a beta of 0.63. Total has a 12-month low of $49.70 and a 12-month high of $65.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.27.

Total (NYSE:TOT) last issued its quarterly earnings data on Friday, April 26th. The oil and gas exploration company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.09). The firm had revenue of $51.21 billion for the quarter. Total had a return on equity of 11.21% and a net margin of 5.65%. As a group, research analysts predict that Total will post 5.4 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in TOT. Bank of New York Mellon Corp lifted its position in shares of Total by 605.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 594,227 shares of the oil and gas exploration company’s stock valued at $38,263,000 after acquiring an additional 509,999 shares during the period. Standard Life Aberdeen plc lifted its position in shares of Total by 4.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 230,800 shares of the oil and gas exploration company’s stock valued at $14,861,000 after acquiring an additional 9,300 shares during the period. Federated Investors Inc. PA lifted its position in shares of Total by 3.8% during the 3rd quarter. Federated Investors Inc. PA now owns 2,225,827 shares of the oil and gas exploration company’s stock valued at $143,321,000 after acquiring an additional 81,019 shares during the period. Chesley Taft & Associates LLC lifted its position in shares of Total by 16.3% during the 4th quarter. Chesley Taft & Associates LLC now owns 12,125 shares of the oil and gas exploration company’s stock valued at $633,000 after acquiring an additional 1,700 shares during the period. Finally, Moody National Bank Trust Division lifted its position in shares of Total by 2.6% during the 4th quarter. Moody National Bank Trust Division now owns 31,820 shares of the oil and gas exploration company’s stock valued at $1,660,000 after acquiring an additional 820 shares during the period. 6.59% of the stock is currently owned by institutional investors.

Total Company Profile

TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.

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Analyst Recommendations for Total (NYSE:TOT)

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