TotalFinaElf, S.A. to Post FY2018 Earnings of $4.13 Per Share, Jefferies Group Forecasts (TOT)
TotalFinaElf, S.A. (NYSE:TOT) – Equities research analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for shares of TotalFinaElf, in a note issued to investors on Monday. Jefferies Group analyst M. Kofler now expects that the oil and gas exploration company will earn $4.13 per share for the year, down from their previous forecast of $4.15.
TotalFinaElf, (NYSE:TOT) last announced its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.03). The business had revenue of $43.04 billion for the quarter. TotalFinaElf, had a return on equity of 9.39% and a net margin of 4.90%. WARNING: “TotalFinaElf, S.A. to Post FY2018 Earnings of $4.13 Per Share, Jefferies Group Forecasts (TOT)” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/totalfinaelf-s-a-to-post-fy2018-earnings-of-4-13-per-share-jefferies-group-forecasts-tot.html.
TOT has been the subject of several other research reports. Cowen and Company reiterated a “buy” rating and issued a $58.00 price objective on shares of TotalFinaElf, in a research note on Tuesday, October 24th. BidaskClub upgraded shares of TotalFinaElf, from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Societe Generale reiterated a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $53.00 price objective on shares of TotalFinaElf, in a research note on Thursday, October 19th. Finally, Royal Bank Of Canada lowered shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, six 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 an average price target of $55.40.
A number of large investors have recently made changes to their positions in TOT. Sound Shore Management Inc. CT boosted its holdings in TotalFinaElf, by 20.7% in the 2nd quarter. Sound Shore Management Inc. CT now owns 3,871,102 shares of the oil and gas exploration company’s stock valued at $191,968,000 after purchasing an additional 663,620 shares during the period. Federated Investors Inc. PA boosted its holdings in TotalFinaElf, by 19.4% in the 2nd quarter. Federated Investors Inc. PA now owns 3,263,793 shares of the oil and gas exploration company’s stock valued at $161,851,000 after purchasing an additional 529,941 shares during the period. Crossmark Global Holdings Inc. bought a new position in TotalFinaElf, in the 3rd quarter valued at $12,512,000. Ameriprise Financial Inc. boosted its holdings in TotalFinaElf, by 12.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,480,198 shares of the oil and gas exploration company’s stock valued at $73,405,000 after purchasing an additional 158,455 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in TotalFinaElf, in the 2nd quarter valued at $7,230,000. 5.30% of the stock is owned by hedge funds and other institutional investors.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Friday, September 22nd were issued a $0.7416 dividend. This represents a $2.97 annualized dividend and a yield of 5.32%. This is an increase from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, September 21st. TotalFinaElf,’s dividend payout ratio (DPR) is presently 52.83%.
TotalFinaElf, 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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