Oarsman Capital Inc. Has $239,000 Stake in TotalEnergies SE (NYSE:TTE)

Oarsman Capital Inc. grew its stake in TotalEnergies SE (NYSE:TTE) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,388 shares of the company’s stock after buying an additional 525 shares during the period. Oarsman Capital Inc.’s holdings in TotalEnergies were worth $239,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. World Investment Advisors lifted its holdings in TotalEnergies by 90.1% in the 4th quarter. World Investment Advisors now owns 8,664 shares of the company’s stock worth $474,000 after purchasing an additional 4,106 shares during the last quarter. Cinctive Capital Management LP acquired a new stake in shares of TotalEnergies in the fourth quarter worth $736,000. Massachusetts Financial Services Co. MA lifted its stake in shares of TotalEnergies by 3.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 138,235 shares of the company’s stock worth $7,534,000 after buying an additional 4,588 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of TotalEnergies by 4.6% during the 4th quarter. HighPoint Advisor Group LLC now owns 10,018 shares of the company’s stock worth $546,000 after buying an additional 440 shares during the period. Finally, Franklin Resources Inc. grew its stake in TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after buying an additional 1,672,387 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $57.82 on Friday. The business’s 50 day moving average is $61.35 and its 200-day moving average is $60.93. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $138.64 billion, a PE ratio of 8.68, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies SE has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts predict that TotalEnergies SE will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TTE. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.42.

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.