JPMorgan Chase & Co. decreased its stake in shares of Total SA (NYSE:TOT) by 28.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,291 shares of the oil and gas exploration company’s stock after selling 96,655 shares during the period. JPMorgan Chase & Co.’s holdings in Total were worth $15,859,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. HL Financial Services LLC lifted its position in Total by 18.0% during the third quarter. HL Financial Services LLC now owns 5,772 shares of the oil and gas exploration company’s stock valued at $372,000 after purchasing an additional 880 shares during the period. Checchi Capital Advisers LLC raised its position in Total by 5.0% in the third quarter. Checchi Capital Advisers LLC now owns 18,762 shares of the oil and gas exploration company’s stock worth $1,208,000 after acquiring an additional 895 shares during the period. Reilly Financial Advisors LLC raised its position in Total by 3.1% in the third quarter. Reilly Financial Advisors LLC now owns 30,340 shares of the oil and gas exploration company’s stock worth $1,954,000 after acquiring an additional 915 shares during the period. GWM Advisors LLC raised its position in Total by 25.8% in the third quarter. GWM Advisors LLC now owns 4,582 shares of the oil and gas exploration company’s stock worth $295,000 after acquiring an additional 939 shares during the period. Finally, Intercontinental Wealth Advisors LLC raised its position in Total by 3.1% in the third quarter. Intercontinental Wealth Advisors LLC now owns 38,630 shares of the oil and gas exploration company’s stock worth $2,487,000 after acquiring an additional 1,171 shares during the period. Institutional investors own 6.32% of the company’s stock.
Several research firms have weighed in on TOT. Zacks Investment Research upgraded shares of Total from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Sanford C. Bernstein reissued a “buy” rating on shares of Total in a research note on Friday, October 26th. Kepler Capital Markets reissued a “buy” rating on shares of Total in a research note on Monday, November 26th. UBS Group reissued a “buy” rating on shares of Total in a research note on Friday, October 26th. Finally, Cowen initiated coverage on shares of Total in a research note on Thursday, January 31st. They issued an “outperform” rating for the company. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.75.
TOT opened at $55.61 on Wednesday. The firm has a market cap of $137.56 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.02 and a beta of 0.70. Total SA has a fifty-two week low of $49.70 and a fifty-two week high of $65.69. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 0.99.
Total (NYSE:TOT) last posted its earnings results on Thursday, February 7th. The oil and gas exploration company reported $1.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The company had revenue of $52.50 billion during the quarter. Total had a net margin of 5.47% and a return on equity of 11.16%. As a group, research analysts predict that Total SA will post 5.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 17th. Shareholders of record on Monday, December 17th were paid a $0.7267 dividend. The ex-dividend date was Friday, December 14th. This represents a $2.91 dividend on an annualized basis and a dividend yield of 5.23%. Total’s payout ratio is currently 48.91%.
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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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