The Meritage Portfolio Management Lowers Stake in TotalFinaElf, S.A. (TOT)

The Meritage Portfolio Management Lowers Stake in TotalFinaElf, S.A. (TOT)

A number of other hedge funds have also recently modified their holdings of TOT. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of TotalFinaElf, during the first quarter worth approximately $975,000. Bremer Trust National Association boosted its stake in shares of TotalFinaElf, by 25.0% in the first quarter. Bremer Trust National Association now owns 38,770 shares of the oil and gas exploration company’s stock worth $1,955,000 after buying an additional 7,765 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of TotalFinaElf, by 2.4% in the first quarter. Capstone Asset Management Co. now owns 198,196 shares of the oil and gas exploration company’s stock worth $9,993,000 after buying an additional 4,610 shares in the last quarter. Regentatlantic Capital LLC boosted its stake in shares of TotalFinaElf, by 38.4% in the first quarter. Regentatlantic Capital LLC now owns 142,789 shares of the oil and gas exploration company’s stock worth $7,199,000 after buying an additional 39,652 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of TotalFinaElf, by 16,087.5% in the first quarter. Gradient Investments LLC now owns 5,180 shares of the oil and gas exploration company’s stock worth $261,000 after buying an additional 5,148 shares in the last quarter. 6.14% of the stock is owned by institutional investors.

Meritage Portfolio Management decreased its position in TotalFinaElf, S.A. (NYSE:TOT) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,360 shares of the oil and gas exploration company’s stock after selling 1,450 shares during the period. Meritage Portfolio Management’s holdings in TotalFinaElf, were worth $4,183,000 at the end of the most recent quarter.

TotalFinaElf, S.A. (NYSE TOT) traded down 1.02% during midday trading on Tuesday, reaching $51.19. The company’s stock had a trading volume of 966,911 shares. The company’s 50-day moving average is $49.79 and its 200 day moving average is $50.78. TotalFinaElf, S.A. has a 52 week low of $45.05 and a 52 week high of $54.71. The firm has a market capitalization of $127.51 billion, a P/E ratio of 17.65 and a beta of 0.76.

TotalFinaElf, (NYSE:TOT) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.01. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. The company had revenue of $39.92 billion for the quarter. Analysts expect that TotalFinaElf, S.A. will post $3.99 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. ValuEngine cut TotalFinaElf, from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Howard Weil cut TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a report on Wednesday, May 17th. Scotiabank reissued a “hold” rating and issued a $54.00 price objective on shares of TotalFinaElf, in a report on Wednesday, May 17th. Morgan Stanley reissued a “neutral” rating on shares of TotalFinaElf, in a report on Thursday, April 13th. Finally, TheStreet raised TotalFinaElf, from a “c” rating to a “b” rating in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. TotalFinaElf, presently has an average rating of “Hold” and a consensus price target of $53.75.

About TotalFinaElf,

Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.

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