Summit Wealth & Retirement Planning Inc. Trims Position in Total SA (NYSE:TOT)

Summit Wealth & Retirement Planning Inc. lessened its holdings in shares of Total SA (NYSE:TOT) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,782 shares of the oil and gas exploration company’s stock after selling 975 shares during the quarter. Summit Wealth & Retirement Planning Inc.’s holdings in Total were worth $769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Acima Private Wealth LLC lifted its position in Total by 28.2% in the 1st quarter. Acima Private Wealth LLC now owns 864 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 190 shares during the last quarter. V Wealth Advisors LLC lifted its position in Total by 2.2% in the 2nd quarter. V Wealth Advisors LLC now owns 8,954 shares of the oil and gas exploration company’s stock worth $505,000 after buying an additional 195 shares during the last quarter. First American Bank lifted its position in Total by 0.7% in the 2nd quarter. First American Bank now owns 31,099 shares of the oil and gas exploration company’s stock worth $1,735,000 after buying an additional 210 shares during the last quarter. Mitchell Capital Management Co. lifted its position in Total by 2.6% in the 1st quarter. Mitchell Capital Management Co. now owns 8,465 shares of the oil and gas exploration company’s stock worth $471,000 after buying an additional 212 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its position in Total by 4.4% in the 1st quarter. Hartford Investment Management Co. now owns 5,208 shares of the oil and gas exploration company’s stock worth $290,000 after buying an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 6.35% of the company’s stock.

TOT stock traded down $0.03 during midday trading on Thursday, hitting $49.09. The company had a trading volume of 332,801 shares, compared to its average volume of 2,305,891. The company has a current ratio of 1.25, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. Total SA has a 52 week low of $47.70 and a 52 week high of $65.69. The stock’s 50 day moving average price is $52.34 and its 200 day moving average price is $54.61. The stock has a market cap of $122.00 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.22 and a beta of 0.67.

Total (NYSE:TOT) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.18). Total had a net margin of 5.23% and a return on equity of 10.68%. The company had revenue of $51.24 billion during the quarter. Analysts predict that Total SA will post 5.02 earnings per share for the current year.

A number of analysts recently weighed in on TOT shares. HSBC restated a “buy” rating and issued a $58.50 target price on shares of Total in a research report on Thursday, May 23rd. Citigroup downgraded Total from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. Goldman Sachs Group restated a “buy” rating and issued a $70.00 target price on shares of Total in a research report on Monday, July 15th. BMO Capital Markets started coverage on Total in a research report on Tuesday. They issued a “market perform” rating for the company. Finally, Morgan Stanley downgraded Total from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.71.

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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