Palladium Partners LLC Raises Position in TotalFinaElf, S.A. (TOT)

Palladium Partners LLC increased its position in TotalFinaElf, S.A. (NYSE:TOT) by 19.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,042 shares of the oil and gas exploration company’s stock after buying an additional 2,265 shares during the period. Palladium Partners LLC’s holdings in TotalFinaElf, were worth $697,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Bank & Trust raised its stake in TotalFinaElf, by 56.2% in the second quarter. First Bank & Trust now owns 22,789 shares of the oil and gas exploration company’s stock worth $1,130,000 after buying an additional 8,202 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in TotalFinaElf, during the second quarter worth $149,000. IFP Advisors Inc raised its stake in TotalFinaElf, by 0.7% in the second quarter. IFP Advisors Inc now owns 17,220 shares of the oil and gas exploration company’s stock worth $854,000 after buying an additional 123 shares in the last quarter. Smithfield Trust Co. raised its stake in TotalFinaElf, by 10.3% in the second quarter. Smithfield Trust Co. now owns 3,685 shares of the oil and gas exploration company’s stock worth $183,000 after buying an additional 345 shares in the last quarter. Finally, Telemus Capital LLC raised its stake in TotalFinaElf, by 4.0% in the second quarter. Telemus Capital LLC now owns 7,310 shares of the oil and gas exploration company’s stock worth $363,000 after buying an additional 281 shares in the last quarter. 6.18% of the stock is currently owned by institutional investors and hedge funds.

TotalFinaElf, S.A. (NYSE TOT) traded down 0.7935% during trading on Thursday, reaching $50.0001. 684,905 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $50.15 and a 200 day moving average price of $50.78. TotalFinaElf, S.A. has a 1-year low of $45.05 and a 1-year high of $54.71. The stock has a market capitalization of $124.55 billion, a P/E ratio of 17.2414 and a beta of 0.76.

TotalFinaElf, (NYSE:TOT) last released its earnings results 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 during the quarter. TotalFinaElf, had a return on equity of 9.07% and a net margin of 4.59%. Equities research analysts expect that TotalFinaElf, S.A. will post $3.95 earnings per share for the current year.

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A number of analysts have recently weighed in on the company. Scotiabank set a $52.00 price objective on TotalFinaElf, and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Societe Generale reiterated a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. ValuEngine upgraded shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Canaccord Genuity upgraded shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub downgraded shares of TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. 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’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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.

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

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