Essex Financial Services Inc. Sells 1,020 Shares of Total SA (NYSE:TOT)

Essex Financial Services Inc. lessened its stake in Total SA (NYSE:TOT) by 15.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,776 shares of the oil and gas exploration company’s stock after selling 1,020 shares during the quarter. Essex Financial Services Inc.’s holdings in Total were worth $300,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its holdings in Total by 37.8% during the third quarter. Fisher Asset Management LLC now owns 19,504,169 shares of the oil and gas exploration company’s stock worth $1,014,217,000 after acquiring an additional 5,351,860 shares during the period. Equity Investment Corp bought a new stake in Total during the second quarter worth $62,744,000. Invesco Ltd. lifted its holdings in Total by 259.5% during the second quarter. Invesco Ltd. now owns 572,533 shares of the oil and gas exploration company’s stock worth $31,942,000 after acquiring an additional 413,288 shares during the period. Gabelli Funds LLC bought a new stake in Total during the second quarter worth $20,670,000. Finally, Randolph Co Inc bought a new stake in Total during the second quarter worth $19,221,000. Institutional investors own 6.16% of the company’s stock.

NYSE:TOT opened at $54.80 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.98. The business has a fifty day simple moving average of $51.91 and a two-hundred day simple moving average of $52.63. Total SA has a 1 year low of $47.70 and a 1 year high of $58.82. The company has a market capitalization of $144.55 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.81 and a beta of 0.71.

A number of brokerages recently commented on TOT. Citigroup lowered Total from a “buy” rating to a “neutral” rating in a report on Thursday, August 22nd. ValuEngine upgraded Total from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Kepler Capital Markets reiterated a “buy” rating on shares of Total in a report on Monday, September 16th. Morgan Stanley lowered Total from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 31st. Finally, Credit Suisse Group reiterated a “buy” rating and set a $58.00 price target on shares of Total in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Total has a consensus rating of “Buy” and a consensus target price of $52.13.

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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Institutional Ownership by Quarter for Total (NYSE:TOT)

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