Cullen Frost Bankers Inc. reduced its position in shares of Total SA (NYSE:TOT) by 14.2% during the second quarter, Holdings Channel reports. The institutional investor owned 32,102 shares of the oil and gas exploration company’s stock after selling 5,316 shares during the period. Cullen Frost Bankers Inc.’s holdings in Total SA were worth $1,544,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in TOT. Telemus Capital LLC acquired a new position in shares of Total SA during the first quarter worth about $287,000. IFP Advisors Inc raised its stake in shares of Total SA by 15.3% in the first quarter. IFP Advisors Inc now owns 23,780 shares of the oil and gas exploration company’s stock worth $1,080,000 after buying an additional 3,149 shares during the last quarter. Sound Shore Management Inc. CT raised its stake in shares of Total SA by 12,608.3% in the first quarter. Sound Shore Management Inc. CT now owns 2,961,033 shares of the oil and gas exploration company’s stock worth $134,490,000 after buying an additional 2,937,733 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Total SA by 22.1% in the first quarter. Ngam Advisors L.P. now owns 323,409 shares of the oil and gas exploration company’s stock worth $14,689,000 after buying an additional 58,446 shares during the last quarter. Finally, RMB Capital Management LLC raised its stake in shares of Total SA by 12.1% in the first quarter. RMB Capital Management LLC now owns 19,302 shares of the oil and gas exploration company’s stock worth $877,000 after buying an additional 2,077 shares during the last quarter.
Total SA (NYSE:TOT) traded down 0.41% during trading on Tuesday, hitting $45.91. The stock had a trading volume of 2,440,728 shares. The company has a market capitalization of $109.69 billion, a P/E ratio of 36.24 and a beta of 1.12. Total SA has a 1-year low of $39.05 and a 1-year high of $52.34. The stock’s 50-day moving average price is $48.01 and its 200-day moving average price is $47.70.
A number of brokerages recently commented on TOT. Canaccord Genuity reaffirmed a “buy” rating on shares of Total SA in a research report on Monday, June 6th. Bank of America Corp. lowered Total SA from a “buy” rating to a “neutral” rating in a research report on Friday, July 15th. Zacks Investment Research lowered Total SA from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Barclays PLC raised Total SA from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 4th. Finally, Sanford C. Bernstein lowered Total SA from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 8th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $54.20.
About Total SA
Total SA is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities.
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