Oliver Lagore Vanvalin Investment Group Acquires New Position in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Oliver Lagore Vanvalin Investment Group acquired a new stake in TotalEnergies SE, purchasing 23,252 shares valued at approximately $1,504,000 during the 2nd quarter.
• TotalEnergies reported quarterly earnings of $1.57 per share, which fell short of analysts' expectations of $1.62, despite revenues exceeding estimates at $44.68 billion.
• Recent upgrades from analysts include Piper Sandler raising its price target to $68.00 and Sanford C. Bernstein upgrading the stock to "outperform," reflecting growing positive sentiment about TotalEnergies.

Oliver Lagore Vanvalin Investment Group bought a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,252 shares of the company's stock, valued at approximately $1,504,000.

A number of other hedge funds also recently made changes to their positions in TTE. Mayflower Financial Advisors LLC boosted its stake in TotalEnergies by 1.2% in the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company's stock valued at $947,000 after buying an additional 176 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in TotalEnergies by 1.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company's stock valued at $635,000 after buying an additional 185 shares during the period. J2 Capital Management Inc raised its stake in TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company's stock worth $385,000 after buying an additional 191 shares during the period. Financial Management Professionals Inc. raised its holdings in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after acquiring an additional 192 shares during the period. Finally, Ipswich Investment Management Co. Inc. raised its position in TotalEnergies by 0.9% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 22,930 shares of the company's stock valued at $1,483,000 after buying an additional 200 shares during the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Performance

Shares of NYSE:TTE traded down $0.78 during midday trading on Friday, hitting $60.60. The company had a trading volume of 1,256,700 shares, compared to its average volume of 1,169,182. The company has a fifty day moving average of $61.56 and a two-hundred day moving average of $60.71. The company has a market cap of $145.30 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 1.04 and a beta of 0.59. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $69.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion for the quarter, compared to analysts' expectations of $42.44 billion. On average, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, August 18th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the stock a "sector perform" rating in a research report on Friday, July 11th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.95.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.