Bank of Montreal Can lowered its position in shares of TotalFinaElf, S.A. (NYSE:TOT) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,983 shares of the oil and gas exploration company’s stock after selling 32,556 shares during the period. Bank of Montreal Can’s holdings in TotalFinaElf, were worth $10,561,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of TotalFinaElf, by 12.1% in the first quarter. Quadrant Capital Group LLC now owns 2,230 shares of the oil and gas exploration company’s stock worth $103,000 after buying an additional 241 shares during the period. IHT Wealth Management LLC raised its position in shares of TotalFinaElf, by 4.4% in the first quarter. IHT Wealth Management LLC now owns 2,080 shares of the oil and gas exploration company’s stock worth $106,000 after buying an additional 87 shares during the period. SRS Capital Advisors Inc. raised its position in shares of TotalFinaElf, by 30.5% in the first quarter. SRS Capital Advisors Inc. now owns 2,347 shares of the oil and gas exploration company’s stock worth $118,000 after buying an additional 548 shares during the period. Smith Asset Management Group LP raised its position in shares of TotalFinaElf, by 483.3% in the first quarter. Smith Asset Management Group LP now owns 2,450 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 2,030 shares during the period. Finally, Americafirst Capital Management LLC acquired a new position in shares of TotalFinaElf, during the first quarter worth approximately $152,000. 6.18% of the stock is currently owned by institutional investors.
TotalFinaElf, S.A. (TOT) traded up 1.22% during trading on Friday, hitting $50.49. The company had a trading volume of 2,188,598 shares. The firm has a 50-day moving average of $50.15 and a 200 day moving average of $50.78. The company has a market capitalization of $125.77 billion, a price-to-earnings ratio of 17.41 and a beta of 0.76. TotalFinaElf, S.A. has a 12-month low of $45.05 and a 12-month high of $54.71.
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TOT has been the topic of a number of research analyst reports. TheStreet raised TotalFinaElf, from a “c” rating to a “b” rating in a report on Thursday, April 27th. Societe Generale reaffirmed a “buy” rating on shares of TotalFinaElf, in a report on Wednesday, July 26th. ValuEngine raised TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Friday, July 21st. Finally, Scotiabank set a $52.00 target price on TotalFinaElf, and gave the stock a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.75.
TotalFinaElf, Company Profile
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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