Virtu Financial LLC Acquires Shares of 36,014 TotalEnergies SE (NYSE:TTE)

Virtu Financial LLC bought a new position in TotalEnergies SE (NYSE:TTE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,014 shares of the company’s stock, valued at approximately $2,401,000.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock worth $29,935,000 after purchasing an additional 434,646 shares during the period. Cloverfields Capital Group LP increased its stake in TotalEnergies by 30.1% in the 4th quarter. Cloverfields Capital Group LP now owns 52,163 shares of the company’s stock worth $3,515,000 after buying an additional 12,072 shares during the period. Gabelli Funds LLC lifted its holdings in TotalEnergies by 5.5% during the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock valued at $21,282,000 after buying an additional 16,200 shares in the last quarter. Tweedy Browne Co LLC purchased a new stake in TotalEnergies in the 1st quarter valued at about $10,852,000. Finally, Norden Group LLC bought a new position in TotalEnergies in the 1st quarter worth about $1,300,000. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TTE shares. Scotiabank decreased their price target on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective on the stock.

TotalEnergies Stock Up 0.4 %

Shares of TotalEnergies stock opened at $68.36 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The stock has a market cap of $161.43 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 1.76 and a beta of 0.64. The firm’s 50-day moving average is $67.90 and its two-hundred day moving average is $69.32. TotalEnergies SE has a 1 year low of $62.28 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same quarter in the prior year, the business posted $1.99 earnings per share. As a group, research analysts expect that TotalEnergies SE will post 8.65 earnings per share for the current fiscal year.

TotalEnergies Company 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.