Schafer Cullen Capital Management Inc. Buys 14,945 Shares of TotalFinaElf, S.A. (TOT)

Schafer Cullen Capital Management Inc. grew its stake in shares of TotalFinaElf, S.A. (NYSE:TOT) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,426,316 shares of the oil and gas exploration company’s stock after acquiring an additional 14,945 shares during the period. Schafer Cullen Capital Management Inc. owned 0.06% of TotalFinaElf, worth $70,731,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TOT. IHT Wealth Management LLC lifted 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 acquiring an additional 87 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted 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 acquiring an additional 257 shares in the last quarter. NEXT Financial Group Inc lifted 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 acquiring an additional 600 shares in the last quarter. Grove Bank & Trust lifted 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 acquiring an additional 1,982 shares in the last quarter. Finally, First Interstate Bank lifted its position in shares of TotalFinaElf, by 1.8% during the second quarter. First Interstate Bank now owns 2,810 shares of the oil and gas exploration company’s stock worth $139,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 5.41% of the company’s stock.

TotalFinaElf, (NYSE:TOT) last announced its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.01). The business had revenue of $39.92 billion for the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.7416 per share. This represents a $2.97 annualized dividend and a dividend yield of 5.47%. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, September 21st. TotalFinaElf,’s dividend payout ratio is currently 80.41%.

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Several equities research analysts have issued reports on TOT shares. Scotiabank set a $54.00 target price on TotalFinaElf, and gave the stock a “hold” rating in a research report on Tuesday, August 22nd. Canaccord Genuity upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Friday, July 21st. Societe Generale restated 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. Finally, BidaskClub downgraded TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $56.00.

About TotalFinaElf,

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.

Institutional Ownership by Quarter for TotalFinaElf, (NYSE:TOT)

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