Fred Alger Management Inc. decreased its position in shares of Total SA (NYSE:TOT) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,206 shares of the oil and gas exploration company’s stock after selling 4,402 shares during the period. Fred Alger Management Inc.’s holdings in Total were worth $2,057,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Total in the fourth quarter worth $110,000. Bank of Nova Scotia Trust Co. bought a new position in shares of Total in the third quarter worth $147,000. Lenox Wealth Management Inc. increased its position in shares of Total by 46.0% in the third quarter. Lenox Wealth Management Inc. now owns 2,915 shares of the oil and gas exploration company’s stock worth $157,000 after purchasing an additional 919 shares during the period. Viking Fund Management LLC increased its position in shares of Total by 278.9% in the fourth quarter. Viking Fund Management LLC now owns 3,600 shares of the oil and gas exploration company’s stock worth $199,000 after purchasing an additional 2,650 shares during the period. Finally, Mariner Wealth Advisors LLC bought a new position in shares of Total in the fourth quarter worth $206,000. Hedge funds and other institutional investors own 5.43% of the company’s stock.
Total SA (NYSE TOT) opened at $57.66 on Wednesday. Total SA has a 12-month low of $48.15 and a 12-month high of $59.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.50 and a quick ratio of 1.21. The stock has a market capitalization of $145,870.00, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 16th will be given a $0.7637 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Total’s previous quarterly dividend of $0.73. Total’s payout ratio is currently 33.73%.
A number of research analysts recently commented on the company. Goldman Sachs Group restated a “buy” rating on shares of Total in a research report on Monday, December 11th. Raymond James Financial upgraded Total from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, February 13th. Zacks Investment Research upgraded Total from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Saturday, January 20th. Canaccord Genuity restated a “buy” rating and issued a $19.00 price target on shares of Total in a research report on Tuesday, January 16th. Finally, Morgan Stanley upgraded Total from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.78.
Total 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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