Short Interest in Total SA (TOT) Drops By 33.5%

Total SA (NYSE:TOT) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,650,769 shares, a drop of 33.5% from the September 28th total of 2,483,833 shares. Based on an average trading volume of 1,577,057 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the shares of the stock are sold short.

TOT stock opened at $58.60 on Thursday. Total has a 12-month low of $53.37 and a 12-month high of $65.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.35 and a quick ratio of 1.04. The company has a market capitalization of $144.27 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 0.84 and a beta of 0.73.

Total (NYSE:TOT) last announced its quarterly earnings results on Friday, October 26th. The oil and gas exploration company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.06. Total had a net margin of 5.55% and a return on equity of 11.12%. The company had revenue of $54.72 billion for the quarter. On average, research analysts expect that Total will post 5.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Monday, September 24th were paid a $0.7442 dividend. The ex-dividend date was Friday, September 21st. This is a positive change from Total’s previous quarterly dividend of $0.73. This represents a $2.98 dividend on an annualized basis and a yield of 5.08%. Total’s dividend payout ratio (DPR) is presently 60.19%.

Several research firms recently commented on TOT. JPMorgan Chase & Co. reissued a “sell” rating on shares of Total in a research note on Friday, October 26th. Barclays reissued a “buy” rating on shares of Total in a research note on Friday, September 14th. Berenberg Bank initiated coverage on shares of Total in a research note on Tuesday, September 11th. They set a “buy” rating for the company. UBS Group restated a “buy” rating on shares of Total in a research report on Friday, October 26th. Finally, ValuEngine upgraded shares of Total from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Total presently has an average rating of “Buy” and a consensus target price of $50.86.

A number of large investors have recently bought and sold shares of TOT. Fisher Asset Management LLC grew its stake in Total by 2,993.5% in the 3rd quarter. Fisher Asset Management LLC now owns 16,285,755 shares of the oil and gas exploration company’s stock valued at $1,048,640,000 after buying an additional 15,759,310 shares during the last quarter. FMR LLC grew its stake in Total by 33.6% in the 2nd quarter. FMR LLC now owns 3,475,857 shares of the oil and gas exploration company’s stock valued at $210,498,000 after buying an additional 874,469 shares during the last quarter. RNC Capital Management LLC acquired a new position in Total in the 2nd quarter valued at $51,556,000. Morgan Stanley boosted its holdings in Total by 11.5% in the 2nd quarter. Morgan Stanley now owns 3,114,505 shares of the oil and gas exploration company’s stock valued at $188,615,000 after purchasing an additional 320,069 shares during the period. Finally, Jane Street Group LLC bought a new stake in Total in the 2nd quarter valued at $16,792,000. Institutional investors and hedge funds own 5.30% of the company’s stock.

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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