Traders Buy High Volume of Call Options on TotalEnergies (NYSE:TTE)

TotalEnergies SE Sponsored ADR (NYSE:TTE) was the recipient of some unusual options trading activity on Monday. Investors purchased 5,101 call options on the stock. This represents an increase of 176% compared to the typical daily volume of 1,851 call options.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Scotiabank lifted their target price on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc grew its stake in TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after buying an additional 48,640 shares during the last quarter. ABN AMRO Bank N.V. purchased a new stake in TotalEnergies in the fourth quarter valued at about $122,831,000. Assetmark Inc. boosted its holdings in TotalEnergies by 8.1% in the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after acquiring an additional 18,480 shares in the last quarter. Vanguard Group Inc. acquired a new stake in TotalEnergies in the fourth quarter worth about $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of TotalEnergies during the fourth quarter worth about $830,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 0.3%

TTE opened at $80.98 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock’s 50 day moving average price is $85.24 and its 200-day moving average price is $81.29. TotalEnergies has a one year low of $57.39 and a one year high of $94.17. The stock has a market cap of $194.17 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.89 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, equities analysts forecast that TotalEnergies will post 10.58 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.