M&T Bank Corp Purchases 10,651 Shares of Total SA (NYSE:TOT)

M&T Bank Corp lifted its position in Total SA (NYSE:TOT) by 7.2% during the 2nd quarter, Holdings Channel reports. The firm owned 159,453 shares of the oil and gas exploration company’s stock after acquiring an additional 10,651 shares during the period. M&T Bank Corp’s holdings in Total were worth $6,134,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Ellevest Inc. grew its holdings in shares of Total by 61.1% in the first quarter. Ellevest Inc. now owns 725 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 275 shares during the last quarter. Forte Capital LLC ADV grew its holdings in shares of 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 worth $781,000 after purchasing an additional 282 shares during the last quarter. Independence Bank of Kentucky grew its holdings in shares of 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 worth $40,000 after purchasing an additional 300 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings 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 in the last quarter. Finally, TCI Wealth Advisors Inc. boosted its holdings in Total by 91.0% in the second quarter. TCI Wealth Advisors Inc. now owns 869 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 6.27% of the company’s stock.

TOT opened at $37.66 on Friday. Total SA has a 1 year low of $22.13 and a 1 year high of $56.91. The stock has a 50-day moving average price of $38.83 and a 200-day moving average price of $40.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a market cap of $97.99 billion, a PE ratio of 12.55, a P/E/G ratio of 18.75 and a beta of 0.66.

Total (NYSE:TOT) last released its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.15. The business had revenue of $25.73 billion during the quarter. Total had a return on equity of 9.23% and a net margin of 4.24%. As a group, sell-side analysts anticipate that Total SA will post 1.28 EPS for the current year.

Several analysts recently weighed in on TOT shares. Kepler Capital Markets reiterated a “buy” rating on shares of Total in a report on Friday. Morgan Stanley upgraded shares of Total from an “equal weight” rating to an “overweight” rating in a report on Friday. Redburn Partners upgraded shares of Total from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Credit Suisse Group reiterated an “outperform” rating on shares of Total in a report on Wednesday, May 6th. Finally, Piper Sandler lifted their price target on shares of Total from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, July 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Total presently has a consensus rating of “Buy” and an average target price of $42.50.

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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