AR Asset Management Inc. Decreases Stake in Total SA (NYSE:TOT)

AR Asset Management Inc. reduced its holdings in shares of Total SA (NYSE:TOT) by 0.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 34,795 shares of the oil and gas exploration company’s stock after selling 200 shares during the period. AR Asset Management Inc.’s holdings in Total were worth $1,809,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its stake in Total by 37.8% during the 3rd 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 buying an additional 5,351,860 shares during the last quarter. Equity Investment Corp acquired a new position in Total in the 2nd quarter worth about $62,744,000. Invesco Ltd. raised its holdings in shares of Total by 259.5% during the second quarter. Invesco Ltd. now owns 572,533 shares of the oil and gas exploration company’s stock valued at $31,942,000 after acquiring an additional 413,288 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of Total during the second quarter valued at approximately $20,670,000. Finally, Randolph Co Inc acquired a new position in shares of Total during the second quarter valued at approximately $19,221,000. 5.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Total stock traded up $0.46 during trading on Wednesday, hitting $52.29. 1,714,926 shares of the company were exchanged, compared to its average volume of 1,804,534. The stock has a market capitalization of $140.12 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.75 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. Total SA has a fifty-two week low of $47.70 and a fifty-two week high of $58.82. The firm has a 50 day moving average price of $53.21 and a 200 day moving average price of $52.51.

Total (NYSE:TOT) last released its earnings results on Wednesday, October 30th. The oil and gas exploration company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Total had a net margin of 4.81% and a return on equity of 9.96%. The firm had revenue of $48.59 billion during the quarter. Analysts predict that Total SA will post 4.48 earnings per share for the current year.

A number of brokerages have commented on TOT. BMO Capital Markets assumed coverage on Total in a report on Tuesday, August 20th. They set a “market perform” rating for the company. Citigroup cut Total from a “buy” rating to a “neutral” rating in a research note on Thursday, August 22nd. Kepler Capital Markets reiterated a “buy” rating on shares of Total in a research note on Monday, September 16th. ValuEngine raised Total from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. raised Total from a “neutral” rating to an “overweight” rating in a report on Monday, September 16th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.89.

About Total

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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