Stifel Financial Corp lowered its stake in Total SA (NYSE:TOT) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,708 shares of the oil and gas exploration company’s stock after selling 12,561 shares during the quarter. Stifel Financial Corp’s holdings in Total were worth $16,648,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Sound Shore Management Inc. CT raised its position in shares of Total by 20.7% during 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 buying an additional 663,620 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Total by 9.2% during the 3rd quarter. Wells Fargo & Company MN now owns 6,952,181 shares of the oil and gas exploration company’s stock valued at $372,080,000 after buying an additional 587,013 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Total by 19.4% during 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 buying an additional 529,941 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Total during the 3rd quarter valued at about $15,087,000. Finally, Assetmark Inc. raised its position in shares of Total by 385.7% during the 3rd quarter. Assetmark Inc. now owns 305,261 shares of the oil and gas exploration company’s stock valued at $16,338,000 after buying an additional 242,414 shares in the last quarter. Institutional investors and hedge funds own 5.39% of the company’s stock.
TOT has been the topic of several recent research reports. Scotiabank set a $54.00 target price on shares of Total and gave the company a “hold” rating in a research report on Tuesday, August 22nd. TD Securities restated a “buy” rating and set a $20.00 target price on shares of Total in a research report on Friday, November 24th. Cowen restated a “buy” rating and set a $58.00 target price on shares of Total in a research report on Tuesday, October 24th. Piper Jaffray Companies restated a “hold” rating and set a $53.00 target price on shares of Total in a research report on Thursday, October 19th. Finally, Barclays cut shares of Total from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $50.30 to $57.00 in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.50.
Total (NYSE:TOT) last issued its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.03). The firm had revenue of $43.04 billion for the quarter. Total had a net margin of 4.90% and a return on equity of 9.39%. analysts predict that Total SA will post 4.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Monday, December 18th will be issued a dividend of $0.734 per share. The ex-dividend date is Friday, December 15th. This represents a $2.94 annualized dividend and a yield of 5.26%. Total’s payout ratio is 52.83%.
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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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