Viking Fund Management LLC Grows Holdings in TotalEnergies SE Sponsored ADR $TTE

Key Points

• Viking Fund Management increased its TotalEnergies stake by 50% in the second quarter, adding 50,000 shares for a total of 150,000 shares valued at approximately $11.7 million.
• TotalEnergies reported quarterly EPS of $2.68 on $57.1 billion in revenue, with an 8.29% net margin and 15.66% return on equity. Analysts expect full-year EPS of $10.65.
• The stock opened at $87.61, near analysts’ consensus target price of $87.14. Coverage remains broadly positive, with an overall “Moderate Buy” rating from analysts.

Viking Fund Management LLC increased its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 50.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,000 shares of the company's stock after acquiring an additional 50,000 shares during the quarter. Viking Fund Management LLC's holdings in TotalEnergies were worth $11,664,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in shares of TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company's stock worth $4,364,000 after purchasing an additional 40,586 shares during the last quarter. Empowered Funds LLC increased its stake in TotalEnergies by 2.1% in the first quarter. Empowered Funds LLC now owns 40,988 shares of the company's stock valued at $2,652,000 after purchasing an additional 835 shares during the last quarter. Sivia Capital Partners LLC lifted its position in TotalEnergies by 17.7% during the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company's stock worth $315,000 after buying an additional 774 shares during the period. Russell Investments Group Ltd. lifted its position in TotalEnergies by 14.9% during the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company's stock worth $1,490,000 after buying an additional 3,151 shares during the period. Finally, Invesco Ltd. boosted its stake in TotalEnergies by 7.3% in the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company's stock worth $12,168,000 after buying an additional 13,536 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Down 0.4%

TTE opened at $87.61 on Thursday. The firm has a 50 day moving average price of $82.98 and a 200 day moving average price of $84.16. The company has a market cap of $210.06 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 3.10 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on TTE shares. Zacks Research cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Kepler Capital Markets raised shares of TotalEnergies from a "reduce" rating to a "hold" rating in a research report on Thursday, April 23rd. Scotiabank boosted their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Wall Street Zen lowered shares of TotalEnergies from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and a consensus target price of $87.14.

About TotalEnergies

TotalEnergies SE NYSE: TTE is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.

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