Summit Wealth & Retirement Planning Inc. Invests $821,000 in Total SA (TOT) Stock
Summit Wealth & Retirement Planning Inc. purchased a new stake in shares of Total SA (NYSE:TOT) in the first quarter, Holdings Channel reports. The firm purchased 14,757 shares of the oil and gas exploration company’s stock, valued at approximately $821,000.
Other hedge funds have also made changes to their positions in the company. HighPoint Advisor Group LLC boosted its holdings in shares of Total by 10.8% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,876 shares of the oil and gas exploration company’s stock worth $255,000 after buying an additional 477 shares during the last quarter. Todd Asset Management LLC lifted its holdings in Total by 0.8% during the first quarter. Todd Asset Management LLC now owns 1,432,023 shares of the oil and gas exploration company’s stock valued at $79,692,000 after purchasing an additional 11,241 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Total during the first quarter valued at about $17,719,000. Garrison Point Advisors LLC lifted its holdings in Total by 4.8% during the first quarter. Garrison Point Advisors LLC now owns 8,995 shares of the oil and gas exploration company’s stock valued at $501,000 after purchasing an additional 412 shares during the last quarter. Finally, 9258 Wealth Management LLC purchased a new stake in Total during the first quarter valued at about $221,000. Institutional investors and hedge funds own 6.23% of the company’s stock.
Several research firms have commented on TOT. ValuEngine raised shares of Total from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded shares of Total from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Deutsche Bank reaffirmed a “buy” rating on shares of Total in a report on Tuesday, April 9th. HSBC reaffirmed a “buy” rating and set a $58.50 price objective on shares of Total in a report on Wednesday, May 8th. Finally, Royal Bank of Canada raised shares of Total from a “sector perform” rating to an “outperform” rating in a report on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $51.10.
Total (NYSE:TOT) last announced its quarterly earnings results on Friday, April 26th. The oil and gas exploration company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.09). Total had a return on equity of 11.21% and a net margin of 5.65%. The firm had revenue of $51.21 billion during the quarter. On average, sell-side analysts predict that Total SA will post 5.37 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This news story was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://theolympiareport.com/2019/05/22/summit-wealth-retirement-planning-inc-invests-821000-in-total-sa-tot-stock.html.
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
Further Reading: How does equity income fit into an investing strategy?
Want to see what other hedge funds are holding TOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Total SA (NYSE:TOT).
Receive News & Ratings for Total Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total and related companies with MarketBeat.com's FREE daily email newsletter.