Todays Report: The Concert Wealth Management Inc. Reduces Position in Total SA (TOT)

The Concert Wealth Management Inc. Reduces Position in Total SA (TOT)

Concert Wealth Management Inc. lowered its stake in Total SA (NYSE:TOT) by 25.6% during the second quarter, Holdings Channel reports. The fund owned 7,787 shares of the oil and gas exploration company’s stock after selling 2,686 shares during the period. Concert Wealth Management Inc.’s holdings in Total SA were worth $376,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TOT. Schonfeld Strategic Advisors LLC bought a new stake in Total SA during the first quarter valued at approximately $205,000. Envestnet Asset Management Inc. increased its position in Total SA by 29.5% in the first quarter. Envestnet Asset Management Inc. now owns 499,972 shares of the oil and gas exploration company’s stock worth $22,709,000 after buying an additional 113,768 shares in the last quarter. Sather Financial Group Inc increased its position in Total SA by 5.8% in the first quarter. Sather Financial Group Inc now owns 92,687 shares of the oil and gas exploration company’s stock worth $4,210,000 after buying an additional 5,085 shares in the last quarter. Nuveen Asset Management LLC increased its position in Total SA by 47.9% in the first quarter. Nuveen Asset Management LLC now owns 147,159 shares of the oil and gas exploration company’s stock worth $6,684,000 after buying an additional 47,642 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Total SA by 8.6% in the first quarter. Wellington Management Group LLP now owns 8,611,958 shares of the oil and gas exploration company’s stock worth $391,155,000 after buying an additional 678,605 shares in the last quarter. Institutional investors and hedge funds own 6.31% of the company’s stock.

Total SA (NYSE:TOT) traded down 0.41% during mid-day trading on Thursday, hitting $48.15. 713,801 shares of the stock were exchanged. The company has a 50-day moving average price of $47.81 and a 200-day moving average price of $47.79. Total SA has a one year low of $39.05 and a one year high of $52.13. The company has a market cap of $115.04 billion, a P/E ratio of 38.00 and a beta of 1.04.

A number of research firms recently issued reports on TOT. Bank of America Corp. downgraded shares of Total SA from a “buy” rating to a “neutral” rating in a research report on Friday, July 15th. Zacks Investment Research downgraded shares of Total SA from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. Barclays PLC upgraded shares of Total SA from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 4th. Sanford C. Bernstein downgraded shares of Total SA from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 8th. Finally, TheStreet downgraded shares of Total SA from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $53.90.

About Total SA

Total SA (Total) is an oil and gas company. It has three segments: the Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas; the 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 the 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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