Total SA Shares Gap Up Following Dividend Announcement (TOT)
Total SA (NYSE:TOT) gapped up before the market opened on Monday after the company announced a dividend, StockRatingsNetwork.com reports. The stock had previously closed at $63.44, but opened at $63.58. Total SA shares last traded at $64.97, with a volume of 499,613 shares traded.
The newly announced dividend is scheduled for Friday, October 10th. Shareholders of record on Monday, September 22nd will be paid a dividend of $0.8108 per share. This represents a $3.24 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Thursday, September 18th.
A number of research firms have recently commented on TOT. Analysts at Zacks reiterated a “neutral” rating on shares of Total SA in a research note on Thursday, July 31st. They now have a $70.00 price target on the stock. Separately, analysts at Societe Generale downgraded shares of Total SA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, analysts at Cowen and Company raised their price target on shares of Total SA from $80.00 to $82.00 in a research note on Friday, June 20th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.25.
The stock’s 50-day moving average is $66.75 and its 200-day moving average is $67.21. The company has a market cap of $147.6 billion and a price-to-earnings ratio of 11.41.
Total SA (NYSE:TOT) last announced its earnings results on Wednesday, July 30th. The company reported $1.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.42 by $0.04. On average, analysts predict that Total SA will post $5.95 earnings per share for the current fiscal year.
Total SA is a France-based integrated international oil and gas company. It is an integrated international oil and gas company and a chemicals manufacturer.
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