InterOcean Capital Group LLC Purchases 1,845 Shares of TotalEnergies SE (NYSE:TTE)

InterOcean Capital Group LLC increased its position in TotalEnergies SE (NYSE:TTE) by 59.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,967 shares of the company’s stock after acquiring an additional 1,845 shares during the period. InterOcean Capital Group LLC’s holdings in TotalEnergies were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Key Financial Inc raised its stake in TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares during the period. North Star Investment Management Corp. grew its stake in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Evolution Advisers Inc. purchased a new position in TotalEnergies during the fourth quarter valued at $29,000. Frazier Financial Advisors LLC purchased a new stake in TotalEnergies in the 4th quarter worth $30,000. Finally, Tower Research Capital LLC TRC purchased a new stake in TotalEnergies in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Trading Up 0.5 %

TTE traded up $0.36 during trading on Thursday, reaching $67.62. The company had a trading volume of 1,317,464 shares, compared to its average volume of 1,506,115. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31. The business has a 50 day simple moving average of $69.19 and a 200-day simple moving average of $68.43. The stock has a market cap of $159.68 billion, a P/E ratio of 7.62, a PEG ratio of 1.65 and a beta of 0.64. TotalEnergies SE has a 52 week low of $57.97 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.18. The business had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. On average, equities analysts anticipate that TotalEnergies SE will post 9.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock. Scotiabank lowered their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of “Hold” and a consensus target price of $76.00.

TotalEnergies Profile

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.