Fayez Sarofim & Co. lowered its holdings in shares of TotalFinaElf, S.A. (NYSE:TOT) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,744,577 shares of the oil and gas exploration company’s stock after selling 51,169 shares during the quarter. Fayez Sarofim & Co. owned approximately 0.07% of TotalFinaElf, worth $86,513,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in TOT. IHT Wealth Management LLC grew its position in shares of TotalFinaElf, by 4.4% during the first quarter. IHT Wealth Management LLC now owns 2,080 shares of the oil and gas exploration company’s stock worth $106,000 after purchasing an additional 87 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of TotalFinaElf, by 30.5% during the first quarter. SRS Capital Advisors Inc. now owns 2,347 shares of the oil and gas exploration company’s stock worth $118,000 after purchasing an additional 548 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of TotalFinaElf, by 11.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,561 shares of the oil and gas exploration company’s stock worth $127,000 after purchasing an additional 257 shares in the last quarter. NEXT Financial Group Inc grew its position in shares of TotalFinaElf, by 30.1% during the second quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock worth $128,000 after purchasing an additional 600 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of TotalFinaElf, by 243.2% during the second quarter. Grove Bank & Trust now owns 2,797 shares of the oil and gas exploration company’s stock worth $139,000 after purchasing an additional 1,982 shares in the last quarter. Hedge funds and other institutional investors own 5.41% of the company’s stock.
TotalFinaElf, S.A. (NYSE:TOT) traded up 0.86% during trading on Friday, reaching $53.86. The company’s stock had a trading volume of 1,377,159 shares. The stock has a 50-day moving average of $51.65 and a 200 day moving average of $51.00. The firm has a market capitalization of $134.16 billion, a P/E ratio of 18.57 and a beta of 0.74. TotalFinaElf, S.A. has a one year low of $45.05 and a one year high of $54.71.
TotalFinaElf, (NYSE:TOT) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. The firm had revenue of $39.92 billion for the quarter. On average, equities research analysts predict that TotalFinaElf, S.A. will post $3.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 22nd will be issued a dividend of $0.7416 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.51%. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. TotalFinaElf,’s dividend payout ratio is presently 80.41%.
Several analysts recently issued reports on TOT shares. Societe Generale reiterated a “buy” rating on shares of TotalFinaElf, in a research report on Wednesday, July 26th. ValuEngine upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Canaccord Genuity upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Friday, July 21st. Barclays PLC cut TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $50.30 to $57.00 in a research report on Monday, August 21st. Finally, Scotiabank set a $52.00 price target on TotalFinaElf, and gave the company a “hold” rating in a report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.80.
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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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