Total SA (NYSE:TOT)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $47.05, but opened at $47.68. Total SA shares last traded at $48.86, with a volume of 2,068,470 shares trading hands.

TOT has been the subject of a number of recent research reports. Vetr upgraded Total SA from a “buy” rating to a “strong-buy” rating and set a $59.57 price objective for the company in a research note on Monday, March 14th. Canaccord Genuity lowered Total SA from a “buy” rating to a “hold” rating in a research note on Monday, April 18th. Citigroup Inc. reiterated an “outperform” rating on shares of Total SA in a research note on Friday, April 1st. Morgan Stanley lowered Total SA from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 30th. Finally, Zacks Investment Research upgraded Total SA from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Wednesday, April 20th. Nine investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.47.

The firm has a 50-day moving average of $47.64 and a 200 day moving average of $46.08. The company has a market cap of $113.77 billion and a price-to-earnings ratio of 29.03.

Total SA (NYSE:TOT) last issued its quarterly earnings data on Wednesday, April 27th. The oil and gas exploration company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.26. On average, equities analysts predict that Total SA will post $3.26 earnings per share for the current year.

The firm also recently disclosed a special dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 3rd were paid a dividend of $0.6828 per share. The ex-dividend date was Wednesday, June 1st. This represents a dividend yield of 5.76%.

Other hedge funds and institutional investors have modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of Total SA by 10.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,028,396 shares of the oil and gas exploration company’s stock worth $226,025,000 after buying an additional 491,695 shares during the period. Seminole Management Co. Inc. boosted its position in shares of Total SA by 83.5% in the fourth quarter. Seminole Management Co. Inc. now owns 855,067 shares of the oil and gas exploration company’s stock worth $38,435,000 after buying an additional 389,204 shares during the period. Thornburg Investment Management Inc. boosted its position in shares of Total SA by 38.7% in the fourth quarter. Thornburg Investment Management Inc. now owns 763,639 shares of the oil and gas exploration company’s stock worth $34,326,000 after buying an additional 213,068 shares during the period. Gluskin Sheff & Assoc Inc. boosted its position in shares of Total SA by 21.7% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 560,000 shares of the oil and gas exploration company’s stock worth $25,172,000 after buying an additional 100,000 shares during the period. Finally, L & S Advisors Inc acquired a new position in shares of Total SA during the fourth quarter worth $3,278,000.

Total SA is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities.

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