TotalFinaElf, S.A. (NYSE:TOT) Position Boosted by Concorde Asset Management LLC

Concorde Asset Management LLC boosted its stake in shares of TotalFinaElf, S.A. (NYSE:TOT) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 5,493 shares of the oil and gas exploration company’s stock after buying an additional 77 shares during the period. Concorde Asset Management LLC’s holdings in TotalFinaElf, were worth $272,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in TOT. OLD National Bancorp IN increased its stake in shares of TotalFinaElf, by 14.8% in the second quarter. OLD National Bancorp IN now owns 9,927 shares of the oil and gas exploration company’s stock valued at $492,000 after buying an additional 1,280 shares during the period. Ledyard National Bank increased its stake in shares of TotalFinaElf, by 26.6% in the second quarter. Ledyard National Bank now owns 93,002 shares of the oil and gas exploration company’s stock valued at $4,612,000 after buying an additional 19,545 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of TotalFinaElf, by 5.4% in the second quarter. Chesley Taft & Associates LLC now owns 9,725 shares of the oil and gas exploration company’s stock valued at $482,000 after buying an additional 500 shares during the period. NEXT Financial Group Inc increased its stake in shares of TotalFinaElf, by 30.1% in the second quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock valued at $128,000 after buying an additional 600 shares during the period. Finally, Smith Shellnut Wilson LLC ADV increased its stake in shares of TotalFinaElf, by 3.8% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 5,987 shares of the oil and gas exploration company’s stock valued at $288,000 after buying an additional 220 shares during the period. 6.15% of the stock is currently owned by institutional investors.

TotalFinaElf, S.A. (NYSE:TOT) traded down 0.34% during trading on Monday, hitting $49.49. 1,044,133 shares of the stock were exchanged. TotalFinaElf, S.A. has a 12-month low of $45.05 and a 12-month high of $54.71. The stock has a 50 day moving average price of $51.62 and a 200-day moving average price of $50.89. The firm has a market capitalization of $120.92 billion, a PE ratio of 16.60 and a beta of 0.76.

TotalFinaElf, (NYSE:TOT) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas exploration company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.06. TotalFinaElf, had a net margin of 4.71% and a return on equity of 12.13%. The firm had revenue of $41.18 billion for the quarter. On average, equities research analysts anticipate that TotalFinaElf, S.A. will post $3.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Friday, June 2nd were paid a $0.694 dividend. This is a positive change from TotalFinaElf,’s previous quarterly dividend of $0.54. This represents a $2.78 annualized dividend and a yield of 5.59%. The ex-dividend date was Wednesday, May 31st. TotalFinaElf,’s payout ratio is presently 78.52%.

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Several brokerages have issued reports on TOT. Scotiabank set a $52.00 target price on shares of TotalFinaElf, and gave the company a “hold” rating in a research note on Saturday, July 1st. BidaskClub downgraded shares of TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. ValuEngine downgraded shares of TotalFinaElf, from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Howard Weil downgraded shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, May 17th. Finally, TheStreet raised shares of TotalFinaElf, from a “c” rating to a “b” rating in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $53.75.

About TotalFinaElf,

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.

Want to see what other hedge funds are holding TOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TotalFinaElf, S.A. (NYSE:TOT).

Institutional Ownership by Quarter for TotalFinaElf, (NYSE:TOT)

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