Total (TOT) Downgraded by J P Morgan Chase & Co to Underweight
Total (NYSE:TOT) was downgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other research firms also recently commented on TOT. Cowen reissued a “buy” rating and issued a $58.00 price objective on shares of Total in a research note on Tuesday, September 19th. Scotiabank set a $54.00 price objective on Total and gave the company a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub raised Total from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. TD Securities reissued a “buy” rating and issued a $20.00 price objective on shares of Total in a research note on Friday, November 24th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $53.00 price objective on shares of Total in a research note on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Total currently has a consensus rating of “Hold” and an average target price of $49.50.
Shares of Total (NYSE:TOT) traded down $0.37 during trading hours on Thursday, hitting $55.85. The stock had a trading volume of 1,249,600 shares, compared to its average volume of 1,689,636. Total has a 52-week low of $48.15 and a 52-week high of $57.07. The stock has a market cap of $140,041.31, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 2.28 and a beta of 0.77. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.
Several institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Total in the 3rd quarter worth $704,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Total during the 3rd quarter worth about $379,000. Parallel Advisors LLC increased its position in shares of Total by 47.3% during the 3rd quarter. Parallel Advisors LLC now owns 5,426 shares of the oil and gas exploration company’s stock worth $301,000 after purchasing an additional 1,742 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Total by 38.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 227,492 shares of the oil and gas exploration company’s stock worth $12,175,000 after purchasing an additional 63,507 shares during the last quarter. Finally, Guardian Capital Advisors LP increased its position in shares of Total by 1.7% during the 3rd quarter. Guardian Capital Advisors LP now owns 101,520 shares of the oil and gas exploration company’s stock worth $5,498,000 after purchasing an additional 1,720 shares during the last quarter. 5.39% of the stock is owned by institutional investors and hedge funds.
Total 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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