Total SA (TOT) Announces Dividend Increase – $0.69 Per Share
Total SA (NYSE:TOT) declared a quarterly dividend on Monday, May 22nd. Investors of record on Friday, June 2nd will be paid a dividend of 0.694 per share by the oil and gas exploration company on Thursday, June 29th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Wednesday, May 31st. This is a boost from Total SA’s previous quarterly dividend of $0.54.
Total SA has decreased its dividend payment by an average of 4.3% annually over the last three years. Total SA has a dividend payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Total SA to earn $4.97 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 52.3%.
Shares of Total SA (NYSE:TOT) traded up 0.04% on Monday, hitting $54.32. The company had a trading volume of 1,886,096 shares. The company has a market capitalization of $132.72 billion, a P/E ratio of 18.22 and a beta of 0.86. Total SA has a 12-month low of $44.06 and a 12-month high of $54.71. The firm has a 50-day moving average price of $51.64 and a 200 day moving average price of $50.07.
Total SA (NYSE:TOT) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas exploration company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. The company had revenue of $41.18 billion during the quarter. Total SA had a return on equity of 8.25% and a net margin of 4.14%. Equities analysts expect that Total SA will post $4.13 EPS for the current year.
TOT has been the subject of several recent research reports. ValuEngine cut Total SA from a “buy” rating to a “hold” rating in a research note on Thursday. Simmons increased their price target on Total SA from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Howard Weil cut Total SA from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 17th. Deutsche Bank AG raised Total SA from a “hold” rating to a “buy” rating in a research note on Monday, February 6th. Finally, TheStreet raised Total SA from a “c” rating to a “b” rating in a research note on Thursday, April 27th. Eleven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $54.25.
An institutional investor recently raised its position in Total SA stock. Geode Capital Management LLC raised its stake in shares of Total SA (NYSE:TOT) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,492 shares of the oil and gas exploration company’s stock after buying an additional 3,216 shares during the period. Geode Capital Management LLC’s holdings in Total SA were worth $1,739,000 at the end of the most recent quarter. Institutional investors own 6.74% of the company’s stock.
Total SA Company Profile
Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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