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

TotalEnergies SE (NYSE:TTE) saw some unusual options trading on Thursday. Stock traders acquired 5,225 call options on the stock. This represents an increase of approximately 155% compared to the typical daily volume of 2,048 call options.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Piper Sandler cut their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $65.19 on Friday. The firm has a market cap of $156.31 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $60.87 and its 200 day moving average is $61.15.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, sell-side analysts anticipate that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently bought and sold shares of TTE. FMR LLC increased its position in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares during the period. Bank of America Corp DE increased its holdings in shares of TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock valued at $416,828,000 after purchasing an additional 4,189,652 shares during the period. Franklin Resources Inc. raised its stake in shares of TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company’s stock worth $159,000,000 after purchasing an additional 265,251 shares during the period. Finally, Federated Hermes Inc. increased its holdings in TotalEnergies by 19.5% in the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company’s stock worth $157,309,000 after buying an additional 471,291 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

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.