Granite Investment Advisors LLC lowered its stake in TotalFinaElf, S.A. (NYSE:TOT) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 111,486 shares of the oil and gas exploration company’s stock after selling 4,181 shares during the period. Granite Investment Advisors LLC’s holdings in TotalFinaElf, were worth $5,967,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Shore Management Inc. CT grew its position in shares of TotalFinaElf, 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 during the last quarter. Federated Investors Inc. PA boosted its stake in TotalFinaElf, 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 purchasing an additional 529,941 shares during the period. Capital World Investors boosted its stake in TotalFinaElf, by 2.3% during the 2nd quarter. Capital World Investors now owns 3,016,497 shares of the oil and gas exploration company’s stock valued at $149,588,000 after purchasing an additional 69,255 shares during the period. Ameriprise Financial Inc. boosted its stake in TotalFinaElf, by 12.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,480,198 shares of the oil and gas exploration company’s stock valued at $73,405,000 after purchasing an additional 158,455 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in TotalFinaElf, by 2.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,472,468 shares of the oil and gas exploration company’s stock valued at $73,019,000 after purchasing an additional 31,880 shares during the period. 5.29% of the stock is owned by institutional investors.
TotalFinaElf, S.A. (TOT) traded down $0.62 during trading on Tuesday, reaching $55.55. 1,959,800 shares of the company’s stock traded hands, compared to its average volume of 1,711,721. The firm has a market cap of $139,690.00, a price-to-earnings ratio of 14.11, a PEG ratio of 2.25 and a beta of 0.79. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. TotalFinaElf, S.A. has a 1 year low of $45.05 and a 1 year high of $56.98.
TotalFinaElf, (NYSE:TOT) last announced its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.03). TotalFinaElf, had a return on equity of 9.39% and a net margin of 4.90%. The business had revenue of $43.04 billion for the quarter. research analysts expect that TotalFinaElf, S.A. will post 4.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.7416 per share. This is a positive change from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date was Thursday, September 21st. This represents a $2.97 annualized dividend and a dividend yield of 5.34%. TotalFinaElf,’s dividend payout ratio is 53.00%.
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A number of research firms have issued reports on TOT. Royal Bank Of Canada lowered shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $53.00 price target on shares of TotalFinaElf, in a research note on Thursday, October 19th. Cowen and Company reaffirmed a “buy” rating and issued a $58.00 price target on shares of TotalFinaElf, in a research note on Tuesday, October 24th. Scotiabank set a $52.00 price target on shares of TotalFinaElf, and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, Barclays PLC lowered shares of TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $50.30 to $57.00 in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.40.
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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