Dorsey Wright & Associates bought a new stake in shares of Total SA (NYSE:TOT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 99,619 shares of the oil and gas exploration company’s stock, valued at approximately $6,415,000.
A number of other hedge funds have also added to or reduced their stakes in the business. Cordasco Financial Network acquired a new position in shares of Total during the third quarter valued at $103,000. Mount Yale Investment Advisors LLC acquired a new position in shares of Total during the first quarter valued at $116,000. Legacy Financial Advisors Inc. acquired a new position in shares of Total during the second quarter valued at $117,000. CWM LLC boosted its holdings in shares of Total by 3,696.6% during the second quarter. CWM LLC now owns 2,202 shares of the oil and gas exploration company’s stock valued at $133,000 after acquiring an additional 2,144 shares during the period. Finally, Jolley Asset Management LLC acquired a new position in shares of Total during the second quarter valued at $165,000. Hedge funds and other institutional investors own 5.30% of the company’s stock.
TOT has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a “sell” rating on shares of Total in a report on Tuesday, August 7th. ValuEngine downgraded shares of Total from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research downgraded shares of Total from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. UBS Group raised shares of Total from a “neutral” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Berenberg Bank initiated coverage on shares of Total in a report on Tuesday, September 11th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Total has an average rating of “Buy” and an average target price of $50.86.
TOT stock traded up $0.01 during trading on Friday, hitting $61.58. The company had a trading volume of 2,951,300 shares, compared to its average volume of 1,889,113. The company has a market capitalization of $160.61 billion, a P/E ratio of 15.03, a PEG ratio of 0.98 and a beta of 0.73. Total SA has a fifty-two week low of $53.37 and a fifty-two week high of $65.69. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.32.
Total (NYSE:TOT) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas exploration company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.19). The company had revenue of $52.54 billion during the quarter. Total had a return on equity of 10.19% and a net margin of 5.25%. Equities analysts anticipate that Total SA will post 5.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Monday, September 24th will be issued a $0.7442 dividend. The ex-dividend date is Friday, September 21st. This represents a $2.98 annualized dividend and a yield of 4.83%. This is an increase from Total’s previous quarterly dividend of $0.73. Total’s dividend payout ratio is presently 72.33%.
Total Company Profile
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services segments. The Exploration & Production segment engages in the exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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