TOTAL S.A. (ADR) (NYSE:TOT) is one of the most popular foreign oil stocks among U.S. investors. Are you surprised to find that the world’s smartest investors were bulking up on it heavily last quarter?
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What’s more, let’s discuss the latest info about TOTAL S.A. (ADR) (NYSE:TOT).
What does the smart money think about TOTAL S.A. (ADR) (NYSE:TOT)?
In preparation for the third quarter, a total of 11 of the hedge funds we track were long in this stock, a change of 38% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few key hedge fund managers who were increasing their stakes substantially.
When using filings from the hedgies we track, International Value Advisers, managed by Charles de Vaulx, holds the most valuable position in TOTAL S.A. (ADR) (NYSE:TOT). International Value Advisers has a $183.6 million position in the stock, comprising 4.9% of its 13F portfolio. Coming in second is Seminole Capital (Investment Mgmt), managed by Michael Messner, which held a $94.3 million position; 5.3% of its 13F portfolio is allocated to the stock. Remaining hedge funds that hold long positions include David Dreman’s Dreman Value Management, Steven Cohen’s SAC Capital Advisors and SAC Subsidiary’s Sigma Capital Management.
With a general bullishness amongst the titans, particular hedge funds have been driving this bullishness. International Value Advisers, managed by Charles de Vaulx, assembled the most outsized position in TOTAL S.A. (ADR) (NYSE:TOT). International Value Advisers had 183.6 million invested in the company at the end of the quarter. Michael Messner’s Seminole Capital (Investment Mgmt) also initiated a $94.3 million position during the quarter. The following funds were also among the new TOT investors: David Dreman’s Dreman Value Management, Steven Cohen’s SAC Capital Advisors, and SAC Subsidiary’s Sigma Capital Management.
How are insiders trading TOTAL S.A. (ADR) (NYSE:TOT)?
Insider buying made by high-level executives is at its handiest when the company in question has seen transactions within the past six months. Over the last half-year time period, TOTAL S.A. (ADR) (NYSE:TOT) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also review the relationship between both of these indicators in other stocks similar to TOTAL S.A. (ADR) (NYSE:TOT). These stocks are Statoil ASA (ADR) (NYSE:STO), Eni SpA (ADR) (NYSE:E), BP plc (ADR) (NYSE:BP), China Petroleum & Chemical Corp (ADR) (NYSE:SNP), and Ecopetrol S.A. (ADR) (NYSE:EC). This group of stocks are in the major integrated oil & gas industry and their market caps are closest to TOT’s market cap.