Martin Investment Management LLC Boosts Stock Position in TotalEnergies SE (NYSE:TTE)

Martin Investment Management LLC increased its holdings in TotalEnergies SE (NYSE:TTE) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,975 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Martin Investment Management LLC’s holdings in TotalEnergies were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TTE. Larson Financial Group LLC lifted its holdings in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after buying an additional 212 shares during the period. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies during the first quarter valued at approximately $29,000. Boit C F David purchased a new stake in TotalEnergies in the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies in the third quarter valued at $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $62.99 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $148.75 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.20 and a beta of 0.64. The firm has a 50 day moving average price of $66.72 and a 200-day moving average price of $68.58. TotalEnergies SE has a 52-week low of $61.95 and a 52-week high of $74.97.

Analysts Set New Price Targets

Several research firms have recently commented on TTE. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Wolfe Research started coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective for the company. Scotiabank reduced their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and an average target price of $78.75.

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.