PNC Financial Services Group Inc. cut its stake in TotalFinaElf, S.A. (NYSE:TOT) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,202,314 shares of the oil and gas exploration company’s stock after selling 33,873 shares during the quarter. PNC Financial Services Group Inc. owned about 0.13% of TotalFinaElf, worth $158,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. First Interstate Bank grew its position in shares of TotalFinaElf, by 1.8% in the second quarter. First Interstate Bank now owns 2,810 shares of the oil and gas exploration company’s stock valued at $139,000 after purchasing an additional 50 shares in the last quarter. HL Financial Services LLC grew its position in shares of TotalFinaElf, by 0.7% in the first quarter. HL Financial Services LLC now owns 8,369 shares of the oil and gas exploration company’s stock valued at $422,000 after purchasing an additional 60 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of TotalFinaElf, by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 12,320 shares of the oil and gas exploration company’s stock valued at $611,000 after purchasing an additional 62 shares in the last quarter. Shoker Investment Counsel Inc. grew its position in shares of TotalFinaElf, by 0.4% in the second quarter. Shoker Investment Counsel Inc. now owns 16,324 shares of the oil and gas exploration company’s stock valued at $809,000 after purchasing an additional 66 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of TotalFinaElf, by 1.5% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,245 shares of the oil and gas exploration company’s stock valued at $266,000 after purchasing an additional 75 shares in the last quarter. 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 had a trading volume of 1,377,159 shares. The firm’s 50-day moving average price is $51.65 and its 200 day moving average price is $51.00. TotalFinaElf, S.A. has a one year low of $45.05 and a one year high of $54.71. The firm has a market capitalization of $134.16 billion, a P/E ratio of 18.57 and a beta of 0.74.

TotalFinaElf, (NYSE:TOT) last posted its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the Zacks’ 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%. Equities analysts forecast that TotalFinaElf, S.A. will post $3.85 earnings per share for the current fiscal year.

The firm also recently declared 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 is Thursday, September 21st. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. This represents a $2.97 dividend on an annualized basis and a yield of 5.51%. TotalFinaElf,’s dividend payout ratio (DPR) is currently 80.41%.

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Several brokerages have recently weighed in on TOT. Scotiabank set a $52.00 price target on TotalFinaElf, and gave the company a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC cut TotalFinaElf, from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $50.30 to $57.00 in a research report on Monday, August 21st. BidaskClub upgraded TotalFinaElf, from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Societe Generale reiterated a “buy” rating on shares of TotalFinaElf, in a research report on Wednesday, July 26th. Finally, Canaccord Genuity upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Friday, July 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $54.80.

TotalFinaElf, Company Profile

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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