TotalEnergiesTTE
About: TotalEnergies is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 1.6 million barrels of liquids and 5.0 billion cubic feet of natural gas per day. At end-2023, reserves stood at 10.6 billion barrels of oil equivalent, 56% of which are liquids. During 2023, it had LNG sales of 44.3 metric tons. The company owns interests in refineries with capacity of nearly 2.0 million barrels a day, primarily in Europe, distributes refined products in 65 countries, and manufactures commodity and specialty chemicals. At year-end, its gross installed renewable power generation capacity was 22.4 gigawatts.
Employees: 100,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
71% more call options, than puts
Call options by funds: $101M | Put options by funds: $58.8M
14% more repeat investments, than reductions
Existing positions increased: 290 | Existing positions reduced: 254
1% less funds holding
Funds holding: 778 [Q2] → 773 (-5) [Q3]
0.8% less ownership
Funds ownership: 7.24% [Q2] → 6.44% (-0.8%) [Q3]
6% less first-time investments, than exits
New positions opened: 76 | Existing positions closed: 81
13% less capital invested
Capital invested by funds: $11.5B [Q2] → $9.97B (-$1.48B) [Q3]
56% less funds holding in top 10
Funds holding in top 10: 9 [Q2] → 4 (-5) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Ryan Todd 17% 1-year accuracy 6 / 36 met price target | 15%upside $62 | Neutral Maintained | 19 Dec 2024 |
Scotiabank Paul Cheng 13% 1-year accuracy 6 / 45 met price target | 39%upside $75 | Sector Perform Maintained | 10 Oct 2024 |
TD Cowen Jason Gabelman 32% 1-year accuracy 9 / 28 met price target | 37%upside $74 | Hold Maintained | 27 Sept 2024 |
Financial journalist opinion
Based on 17 articles about TTE published over the past 30 days
