Tot Us (TOT) Share Value Rose While Nikko Asset Management Americas INC Trimmed Its Holding

December 8, 2017 - By Michael Collier

Nikko Asset Management Americas Inc decreased its stake in Tot Us (TOT) by 10.41% based on its latest 2017Q2 regulatory filing with the SEC. Nikko Asset Management Americas Inc sold 88,700 shares as the company’s stock rose 7.42% with the market. The institutional investor held 763,012 shares of the energy company at the end of 2017Q2, valued at $37.84 million, down from 851,712 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Tot Us for a number of months, seems to be less bullish one the $141.89 billion market cap company. The stock decreased 0.20% or $0.11 during the last trading session, reaching $55.74. About 1.63M shares traded or 34.79% up from the average. TOTAL S.A. (NYSE:TOT) has risen 13.67% since December 8, 2016 and is uptrending. It has underperformed by 3.03% the S&P500.

Nikko Asset Management Americas Inc, which manages about $3.82 billion and $1.68B US Long portfolio, upped its stake in Equifax Inc (NYSE:EFX) by 39,900 shares to 43,000 shares, valued at $5.91M in 2017Q2, according to the filing. It also increased its holding in Superior Energy Services Inc (NYSE:SPN) by 411,200 shares in the quarter, for a total of 1.26M shares, and has risen its stake in Cboe Holdings Inc (NASDAQ:CBOE).

TOTAL S.A. (NYSE:TOT) Ratings Coverage

Among 23 analysts covering Total SA (NYSE:TOT), 11 have Buy rating, 0 Sell and 12 Hold. Therefore 48% are positive. Total SA had 31 analyst reports since August 24, 2015 according to SRatingsIntel. The company was upgraded on Thursday, December 1 by Independent Research. The firm has “Outperform” rating by Raymond James given on Tuesday, February 16. The company was maintained on Tuesday, September 19 by Cowen & Co. Barclays Capital downgraded TOTAL S.A. (NYSE:TOT) on Monday, August 21 to “Equal Weight” rating. The company was upgraded on Friday, March 18 by Nomura. Cowen & Co maintained the stock with “Buy” rating in Tuesday, October 24 report. The firm has “Mkt Perform” rating given on Thursday, September 8 by Bernstein. The stock of TOTAL S.A. (NYSE:TOT) earned “Buy” rating by Cowen & Co on Thursday, July 27. The company was downgraded on Tuesday, December 6 by Deutsche Bank. The rating was downgraded by Bank of America on Friday, July 15 to “Neutral”.

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