Todays Report: The Parsec Financial Management Inc. Raises it position for Total SA (TOT)

The Parsec Financial Management Inc. Raises it position for Total SA (TOT)

Parsec Financial Management Inc. boosted its position in shares of Total SA (NYSE:TOT) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 344,639 shares of the oil and gas exploration company’s stock after buying an additional 33,123 shares during the period. Total SA makes up approximately 1.6% of Parsec Financial Management Inc.’s portfolio, making the stock its 18th largest position. Parsec Financial Management Inc.’s holdings in Total SA were worth $16,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TOT. Johnston Asset Management LLC boosted its stake in shares of Total SA by 12.1% in the second quarter. Johnston Asset Management LLC now owns 267,933 shares of the oil and gas exploration company’s stock worth $12,888,000 after buying an additional 28,913 shares during the period. RNC Capital Management LLC boosted its stake in shares of Total SA by 1.8% in the second quarter. RNC Capital Management LLC now owns 447,259 shares of the oil and gas exploration company’s stock worth $21,513,000 after buying an additional 8,055 shares during the period. Cambiar Investors LLC boosted its stake in shares of Total SA by 10.2% in the second quarter. Cambiar Investors LLC now owns 3,445,881 shares of the oil and gas exploration company’s stock worth $165,747,000 after buying an additional 319,859 shares during the period. Seminole Management Co. Inc. boosted its stake in shares of Total SA by 26.8% in the second quarter. Seminole Management Co. Inc. now owns 983,884 shares of the oil and gas exploration company’s stock worth $47,325,000 after buying an additional 207,787 shares during the period. Finally, Seaward Management Limited Partnership boosted its stake in shares of Total SA by 2.2% in the second quarter. Seaward Management Limited Partnership now owns 91,179 shares of the oil and gas exploration company’s stock worth $4,385,000 after buying an additional 1,958 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Total SA (NYSE:TOT) traded down 0.52% during midday trading on Friday, reaching $47.95. The company had a trading volume of 1,232,004 shares. Total SA has a 52 week low of $39.05 and a 52 week high of $52.34. The stock has a 50-day moving average of $47.86 and a 200 day moving average of $47.73. The firm has a market capitalization of $114.57 billion, a price-to-earnings ratio of 37.85 and a beta of 1.04.

TOT has been the topic of a number of research analyst reports. Bank of America Corp. restated a “hold” rating and issued a $52.00 target price on shares of Total SA in a research note on Friday, September 23rd. Zacks Investment Research upgraded Total SA from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Wednesday, September 14th. TheStreet lowered Total SA from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Sanford C. Bernstein lowered Total SA from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Total SA in a research note on Thursday, July 21st. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $54.20.

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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