Comerica Bank boosted its stake in shares of Total SA (NYSE:TOT) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 172,328 shares of the oil and gas exploration company’s stock after purchasing an additional 11,765 shares during the period. Comerica Bank’s holdings in Total were worth $10,153,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in TOT. Fisher Asset Management LLC grew its position in Total by 2,993.5% during the 3rd 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 last quarter. FMR LLC grew its position in Total by 33.6% during the 2nd 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 last quarter. RNC Capital Management LLC purchased a new stake in Total during the 2nd quarter worth approximately $51,556,000. Morgan Stanley grew its position in Total by 11.5% during the 2nd 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 last quarter. Finally, Jane Street Group LLC purchased a new stake in Total during the 2nd quarter worth approximately $16,792,000. 5.94% of the stock is currently owned by institutional investors.
Several analysts have weighed in on TOT shares. Barclays reissued a “buy” rating on shares of Total in a research report on Friday, September 14th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Total in a report on Thursday, October 18th. Berenberg Bank assumed coverage on shares of Total in a report on Tuesday, September 11th. They issued a “buy” rating on the stock. Goldman Sachs Group reaffirmed a “buy” rating on shares of Total in a report on Friday, October 26th. Finally, UBS Group raised shares of Total from a “neutral” rating to a “buy” rating in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Total currently has a consensus rating of “Buy” and an average target price of $50.86.
Total (NYSE:TOT) last released its quarterly earnings data on Friday, October 26th. The oil and gas exploration company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.41 by $0.06. The business had revenue of $54.72 billion for the quarter. Total had a net margin of 5.55% and a return on equity of 11.09%. On average, research analysts expect that Total SA will post 5.47 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Monday, September 24th were issued a $0.7442 dividend. This is an increase from Total’s previous quarterly dividend of $0.73. This represents a $2.98 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Friday, September 21st. Total’s dividend payout ratio is 60.19%.
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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.
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