Martin Investment Management LLC Acquires 200 Shares of TotalEnergies SE (NYSE:TTE)

Martin Investment Management LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,975 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Martin Investment Management LLC’s holdings in TotalEnergies were worth $257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies in the 1st quarter worth $29,000. Boit C F David purchased a new stake in shares of TotalEnergies during the 3rd quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies during the 3rd quarter worth $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies in the third quarter worth $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

TTE opened at $62.99 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 1 year low of $61.95 and a 1 year high of $74.97. The stock’s 50 day simple moving average is $66.72 and its 200 day simple moving average is $68.58. The firm has a market cap of $148.75 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.20 and a beta of 0.64.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TTE. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Finally, Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

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.