US Bancorp DE lowered its holdings in shares of Total SA (NYSE:TOT) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,273 shares of the oil and gas exploration company’s stock after selling 1,049 shares during the quarter. US Bancorp DE’s holdings in Total were worth $7,744,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TOT. Fisher Asset Management LLC raised its position in shares of Total by 2,993.5% during the third quarter. Fisher Asset Management LLC now owns 16,285,755 shares of the oil and gas exploration company’s stock worth $1,048,640,000 after purchasing an additional 15,759,310 shares during the period. FMR LLC raised its position in shares of Total by 33.6% during the second quarter. FMR LLC now owns 3,475,857 shares of the oil and gas exploration company’s stock worth $210,498,000 after purchasing an additional 874,469 shares during the period. RNC Capital Management LLC acquired a new stake in shares of Total during the second quarter worth about $51,556,000. Morgan Stanley raised its position in shares of Total by 11.5% during the second quarter. Morgan Stanley now owns 3,114,505 shares of the oil and gas exploration company’s stock worth $188,615,000 after purchasing an additional 320,069 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Total during the second quarter worth about $16,792,000. 5.94% of the stock is currently owned by institutional investors.
NYSE:TOT opened at $57.40 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The stock has a market cap of $147.97 billion, a P/E ratio of 11.94, a PEG ratio of 0.87 and a beta of 0.77. Total SA has a 52-week low of $53.37 and a 52-week high of $65.69.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Monday, September 24th were issued a dividend of $0.7442 per share. The ex-dividend date was Friday, September 21st. This is an increase from Total’s previous quarterly dividend of $0.73. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.19%. Total’s dividend payout ratio (DPR) is presently 60.19%.
A number of research firms have recently commented on TOT. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Total in a research report on Friday, October 26th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Total in a research report on Tuesday, August 7th. ValuEngine lowered Total from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Total in a research report on Friday, October 26th. Finally, UBS Group reaffirmed a “buy” rating on shares of Total in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Total has an average rating of “Buy” and an average price target of $50.86.
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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.
Further Reading: Return on Equity (ROE)
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