Analysts at Mizuho began coverage on shares of Total (NYSE:TOT) in a report issued on Tuesday, AR Network reports. The brokerage set a “neutral” rating and a $49.00 price target on the oil and gas exploration company’s stock. Mizuho’s price target indicates a potential upside of 7.48% from the stock’s previous close.
A number of other brokerages also recently issued reports on TOT. Berenberg Bank downgraded Total from a “buy” rating to a “hold” rating in a research note on Wednesday, December 9th. Piper Sandler boosted their price target on Total from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, January 8th. Credit Suisse Group cut Total from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $41.00 to $39.00 in a report on Monday, September 14th. JPMorgan Chase & Co. cut Total from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 2nd. Finally, Canaccord Genuity raised Total to a “buy” rating in a report on Thursday, January 7th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.83.
Shares of NYSE:TOT opened at $45.59 on Tuesday. The stock has a 50 day moving average of $44.17 and a 200 day moving average of $38.79. The company has a market cap of $120.96 billion, a PE ratio of -35.90, a price-to-earnings-growth ratio of 5.56 and a beta of 0.68. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 0.59. Total has a 12-month low of $22.13 and a 12-month high of $54.86.
Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC raised its stake in shares of Total by 39.5% in the fourth quarter. Sound Income Strategies LLC now owns 39,602 shares of the oil and gas exploration company’s stock valued at $1,660,000 after acquiring an additional 11,221 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of Total during the 3rd quarter worth about $413,000. Standard Life Aberdeen plc boosted its stake in shares of Total by 56.5% during the 3rd quarter. Standard Life Aberdeen plc now owns 348,600 shares of the oil and gas exploration company’s stock worth $11,957,000 after purchasing an additional 125,800 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Total by 3.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 642,011 shares of the oil and gas exploration company’s stock worth $22,021,000 after purchasing an additional 22,514 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of Total by 81.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 14,823 shares of the oil and gas exploration company’s stock worth $508,000 after purchasing an additional 6,648 shares during the period. 5.29% of the stock is currently owned by institutional investors and hedge funds.
Total Company Profile
TOTAL SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.
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