Gains May Be On The Menu For TOTAL SE (NYSE: TOT)


    Fisher Asset Management LLC recently announced the acquisition of new stake in TOTAL SE (NYSE:TOT). The institutional investor has increased its shareholding in the Energy company by 2.61% to 20.62 million shares with purchase of 0.52 million shares. This fresh investment now brings its stake to 0.78% valued currently at $776.52 million. In addition, Fidelity Management & Research Co.. raised its holdings by 0.46 million to 11.6 million shares. And Wellington Management Co. LLP has lifted its position by 5.95% or 0.65 million shares – to 11.58 million shares.

    With over 5.4 million TOTAL SE (TOT) shares trading Tuesday and a closing price of $39.24 on the day, the dollar volume was approximately $211.73 million. The shares have shown a negative weekly performance of -0.48% and its price on 09/01/20 lost nearly -0.83%. Currently, there are 2.58B common shares owned by the public and among those 2.48B shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 23 analysts who have offered their price forecasts for TOT have a consensus price objective of $49.16. The analysts have set the share’s price value over the next 12 months at a high of $56.61 and a low of $42.00 should the stock experience a downside. Incidentally, analysts’ outlook for the TOTAL SE stock is 1.80 for the next 12 months. The average price target is 21.52% above its last price level and an upside to the estimated low will see the stock gain 6.57% over that period. But an upside of 30.68% will see the stock hit the forecast high price target while mean target price for the stock is $49.54.

    The top 3 mutual fund holders in TOTAL SE are Vanguard Energy Fund, Fidelity Series Intrinsic Opportu, and Fidelity Balanced Fund. Vanguard Energy Fund owns 6.15 million shares of the company’s stock, all valued at over $231.43 million. The company sold -0.11 million shares recently to bring their total holdings to about 0.23% of the shares outstanding. Fidelity Balanced Fund bought 0.63 million shares to bring its total holdings to over 1.59 million shares at a value of $59.99 million. Fidelity Balanced Fund now owns shares totaling to 0.06% of the shares outstanding.

    Shares of TOTAL SE (NYSE: TOT) opened at $39.38, down -$0.19 from a prior closing price of $39.57. However, the script later closed the day at $39.24, down -0.83%. The company’s stock has a 5-day price change of -0.48% and -3.92% over the past three months. TOT shares are trading -29.04% year to date (YTD), with the 12-month market performance down to -20.39% lower. It has a 12-month low price of $22.13 and touched a high of $56.91 over the same period. Currently, 5.4 million shares have been traded, compared to an average intraday trading volume of 2.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.43%, 0.85%, and -7.78% respectively.

    Institutional ownership of TOTAL SE (NYSE: TOT) shares accounts for 5.70% of the company’s 2.58B shares outstanding. Mutual fund holders own 1.82%, while other institutional holders and individual stakeholders account for 3.38% and — respectively.

    It has a market capitalization of $102.56B and a beta (3y monthly) value of 0.67. The earnings-per-share (ttm) stands at -$1.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.44% over the week and 1.55% over the month.

    Analysts forecast that TOTAL SE (TOT) will achieve an EPS of $0.12 for the current quarter, $0.36 for the next quarter and $3.19 for 2021. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.24. Comparatively, EPS for the current quarter was $1.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.70%, and 166.28% over the next financial year. EPS should shrink at an annualized rate of 0.50% over the next five years, compared to 17.50% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 23 brokerage firm advisors rate TOTAL SE (TOT) as a “Strong Buy” at a consensus score of 1.80. Specifically, 20 Wall Street analysts polled rate the stock as a buy, while 1 of the 23 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the TOT, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on July 31, 2020, with the firm’s price target at. Jefferies coverage for the TOTAL SE (TOT) stock in a research note released on July 16, 2020 offered a Buy rating with a price target of. Wolfe Research was of a view on June 02, 2020 that the stock is Peer Perform, while Morgan Stanley gave the stock Equal-Weight rating on April 17, 2020, issuing a price target of. Bernstein on their part issued Outperform rating on March 25, 2020.


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