DORCHESTER WEALTH MANAGEMENT Co lowered its stake in shares of TotalFinaElf, S.A. (NYSE:TOT) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,777 shares of the oil and gas exploration company’s stock after selling 1,950 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in TotalFinaElf, were worth $733,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Juncture Wealth Strategies LLC raised its position in TotalFinaElf, by 2.2% in the second quarter. Juncture Wealth Strategies LLC now owns 13,700 shares of the oil and gas exploration company’s stock valued at $679,000 after buying an additional 300 shares during the period. Lynch & Associates IN raised its position in TotalFinaElf, by 11.0% in the second quarter. Lynch & Associates IN now owns 17,680 shares of the oil and gas exploration company’s stock valued at $877,000 after buying an additional 1,752 shares during the period. BB&T Corp raised its position in TotalFinaElf, by 3.5% in the second quarter. BB&T Corp now owns 117,444 shares of the oil and gas exploration company’s stock valued at $5,824,000 after buying an additional 3,992 shares during the period. Whittier Trust Co. raised its position in TotalFinaElf, by 0.4% in the second quarter. Whittier Trust Co. now owns 39,301 shares of the oil and gas exploration company’s stock valued at $1,949,000 after buying an additional 167 shares during the period. Finally, Gradient Investments LLC raised its position in TotalFinaElf, by 184.7% in the second quarter. Gradient Investments LLC now owns 14,747 shares of the oil and gas exploration company’s stock valued at $731,000 after buying an additional 9,567 shares during the period. 6.15% of the stock is owned by institutional investors.
TotalFinaElf, S.A. (TOT) traded down 1.45% during midday trading on Friday, reaching $49.62. The company’s stock had a trading volume of 1,935,361 shares. TotalFinaElf, S.A. has a 52-week low of $45.05 and a 52-week high of $54.71. The stock has a market capitalization of $121.24 billion, a price-to-earnings ratio of 16.65 and a beta of 0.76. The firm has a 50-day moving average price of $50.09 and a 200 day moving average price of $50.83.
TotalFinaElf, (NYSE:TOT) last announced its quarterly earnings data on Thursday, April 27th. The oil and gas exploration company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. TotalFinaElf, had a net margin of 4.71% and a return on equity of 12.13%. The firm had revenue of $41.18 billion for the quarter. Equities research analysts predict that TotalFinaElf, S.A. will post $3.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Friday, June 2nd were given a dividend of $0.694 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 5.59%. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.54. The ex-dividend date was Wednesday, May 31st. TotalFinaElf,’s dividend payout ratio (DPR) is currently 78.52%.
Several research firms have recently commented on TOT. Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Friday. Scotiabank set a $52.00 target price on TotalFinaElf, and gave the company a “hold” rating in a report on Saturday, July 1st. BidaskClub downgraded TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. ValuEngine downgraded TotalFinaElf, from a “buy” rating to a “hold” rating in a research report on Thursday, May 18th. Finally, Howard Weil downgraded TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. TotalFinaElf, currently has a consensus rating of “Hold” and an average target price of $53.75.
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.
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