Sage Rhino Capital LLC Takes $201,000 Position in Total SA (NYSE:TOT)

Sage Rhino Capital LLC acquired a new stake in shares of Total SA (NYSE:TOT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,215 shares of the oil and gas exploration company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TOT. Ellevest Inc. increased its stake in Total by 61.1% in the first quarter. Ellevest Inc. now owns 725 shares of the oil and gas exploration company’s stock valued at $27,000 after acquiring an additional 275 shares during the period. Forte Capital LLC ADV increased its stake in Total by 1.4% in the second quarter. Forte Capital LLC ADV now owns 20,310 shares of the oil and gas exploration company’s stock valued at $781,000 after acquiring an additional 282 shares during the period. Independence Bank of Kentucky increased its stake in Total by 40.0% in the second quarter. Independence Bank of Kentucky now owns 1,050 shares of the oil and gas exploration company’s stock valued at $40,000 after acquiring an additional 300 shares during the period. FinTrust Capital Advisors LLC increased its stake in Total by 33.0% in the first quarter. FinTrust Capital Advisors LLC now owns 1,339 shares of the oil and gas exploration company’s stock valued at $50,000 after acquiring an additional 332 shares during the period. Finally, TCI Wealth Advisors Inc. grew its stake in Total by 91.0% during the second quarter. TCI Wealth Advisors Inc. now owns 869 shares of the oil and gas exploration company’s stock worth $33,000 after buying an additional 414 shares during the last quarter. 6.27% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TOT traded down $0.64 during mid-day trading on Friday, reaching $37.66. 3,342,716 shares of the company were exchanged, compared to its average volume of 1,820,601. The company’s 50-day simple moving average is $38.83 and its 200-day simple moving average is $40.08. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $97.99 billion, a P/E ratio of 12.55, a P/E/G ratio of 18.75 and a beta of 0.66. Total SA has a twelve month low of $22.13 and a twelve month high of $56.91.

Total (NYSE:TOT) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.15. The company had revenue of $25.73 billion during the quarter. Total had a net margin of 4.24% and a return on equity of 9.23%. As a group, equities research analysts expect that Total SA will post 1.28 EPS for the current year.

Several analysts have weighed in on the stock. Morgan Stanley raised shares of Total from an “equal weight” rating to an “overweight” rating in a research note on Friday. Zacks Investment Research raised shares of Total from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 15th. Wolfe Research cut shares of Total from an “outperform” rating to a “peer perform” rating and set a $48.00 price objective on the stock. in a research note on Tuesday, June 2nd. UBS Group reaffirmed a “buy” rating on shares of Total in a research note on Monday, June 15th. Finally, Piper Sandler upped their target price on shares of Total from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Total has a consensus rating of “Buy” and an average target price of $42.50.

Total 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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Institutional Ownership by Quarter for Total (NYSE:TOT)

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