Investors Purchase Large Volume of Call Options on TotalEnergies (NYSE:TTE)

TotalEnergies SE Sponsored ADR (NYSE:TTE) was the target of some unusual options trading activity on Monday. Stock traders acquired 5,101 call options on the company. This is an increase of approximately 176% compared to the average daily volume of 1,851 call options.

TotalEnergies Stock Performance

Shares of TTE traded up $1.77 during trading hours on Monday, hitting $80.27. The company had a trading volume of 236,441 shares, compared to its average volume of 1,764,180. The business has a fifty day moving average of $85.72 and a 200-day moving average of $81.07. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The firm has a market cap of $192.47 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 2.79 and a beta of 0.14. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Equities analysts anticipate that TotalEnergies will post 10.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TTE. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Scotiabank raised their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Kepler Capital Markets upgraded TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.33.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently made changes to their positions in TTE. Fiduciary Financial Group LLC increased its stake in shares of TotalEnergies by 5.9% during the second quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock worth $215,000 after purchasing an additional 154 shares during the period. Financial Management Professionals Inc. boosted its stake in TotalEnergies by 36.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock valued at $46,000 after purchasing an additional 156 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in TotalEnergies by 46.0% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 30,163 shares of the company’s stock valued at $2,345,000 after purchasing an additional 9,507 shares during the period. Valeo Financial Advisors LLC grew its holdings in TotalEnergies by 8.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 10,118 shares of the company’s stock valued at $787,000 after buying an additional 808 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in TotalEnergies by 98.6% in the 2nd quarter. Trust Point Inc. now owns 7,823 shares of the company’s stock valued at $608,000 after buying an additional 3,883 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

About TotalEnergies

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.