Stearns Financial Services Group Boosts Stake in TotalFinaElf, S.A. (TOT)

Stearns Financial Services Group increased its stake in TotalFinaElf, S.A. (NYSE:TOT) by 6.5% during the second quarter, Holdings Channel reports. The firm owned 12,021 shares of the oil and gas exploration company’s stock after buying an additional 736 shares during the period. Stearns Financial Services Group’s holdings in TotalFinaElf, were worth $596,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wetherby Asset Management Inc. increased its stake in shares of TotalFinaElf, by 1.5% in the second quarter. Wetherby Asset Management Inc. now owns 25,041 shares of the oil and gas exploration company’s stock valued at $1,241,000 after buying an additional 359 shares during the period. HL Financial Services LLC increased its stake in shares of TotalFinaElf, by 1.8% in the second quarter. HL Financial Services LLC now owns 8,520 shares of the oil and gas exploration company’s stock valued at $423,000 after buying an additional 151 shares during the period. TD Asset Management Inc. increased its stake in shares of TotalFinaElf, by 4.1% in the second quarter. TD Asset Management Inc. now owns 143,715 shares of the oil and gas exploration company’s stock valued at $7,127,000 after buying an additional 5,637 shares during the period. WealthTrust Axiom LLC increased its stake in shares of TotalFinaElf, by 4.2% in the second quarter. WealthTrust Axiom LLC now owns 10,018 shares of the oil and gas exploration company’s stock valued at $496,000 after buying an additional 400 shares during the period. Finally, Founders Financial Securities LLC bought a new stake in shares of TotalFinaElf, during the second quarter valued at about $869,000. Hedge funds and other institutional investors own 6.14% of the company’s stock.

TotalFinaElf, S.A. (NYSE TOT) opened at 51.31 on Thursday. TotalFinaElf, S.A. has a 52 week low of $45.05 and a 52 week high of $54.71. The company has a market capitalization of $127.81 billion, a PE ratio of 17.69 and a beta of 0.76. The company has a 50-day moving average of $50.01 and a 200-day moving average of $50.80.

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

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Several brokerages have issued reports on TOT. Scotiabank set a $52.00 price objective on shares of TotalFinaElf, and gave the stock a “hold” rating in a research report on Tuesday. Societe Generale reiterated a “buy” rating on shares of TotalFinaElf, in a research report on Wednesday, July 26th. ValuEngine upgraded shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Canaccord Genuity upgraded shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Friday, July 21st. Finally, BidaskClub downgraded shares of TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.75.

TotalFinaElf, Company Profile

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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Institutional Ownership by Quarter for TotalFinaElf, (NYSE:TOT)

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