Cowen and Company Reaffirms Buy Rating for TotalFinaElf, S.A. (TOT)
Cowen and Company reiterated their buy rating on shares of TotalFinaElf, S.A. (NYSE:TOT) in a report published on Tuesday. The firm currently has a $58.00 price target on the oil and gas exploration company’s stock.
Other equities analysts have also issued reports about the company. BidaskClub raised TotalFinaElf, from a strong sell rating to a sell rating in a research report on Saturday, August 19th. Societe Generale reaffirmed a buy rating on shares of TotalFinaElf, in a research report on Wednesday, July 26th. Scotiabank set a $54.00 target price on TotalFinaElf, and gave the company a hold rating in a research report on Tuesday, August 22nd. Barclays PLC lowered TotalFinaElf, from an overweight rating to an equal weight rating and upped their target price for the company from $50.30 to $57.00 in a research report on Monday, August 21st. Finally, Canaccord Genuity raised TotalFinaElf, from a hold rating to a buy rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. TotalFinaElf, presently has an average rating of Hold and an average target price of $55.33.
TotalFinaElf, (NYSE TOT) opened at 53.91 on Tuesday. The stock has a market capitalization of $134.29 billion, a price-to-earnings ratio of 18.59 and a beta of 0.74. TotalFinaElf, has a 52 week low of $45.05 and a 52 week high of $54.71. The firm has a 50-day moving average of $51.84 and a 200 day moving average of $51.06.
TotalFinaElf, (NYSE:TOT) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.01). The company had revenue of $39.92 billion for the quarter. TotalFinaElf, had a return on equity of 9.07% and a net margin of 4.59%. On average, analysts anticipate that TotalFinaElf, will post $3.85 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd will be issued a $0.7416 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.50%. This is an increase from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, September 21st. TotalFinaElf,’s payout ratio is 80.41%.
Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC increased its holdings in shares of TotalFinaElf, by 4.4% in the 1st quarter. IHT Wealth Management LLC now owns 2,080 shares of the oil and gas exploration company’s stock valued at $106,000 after acquiring an additional 87 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of TotalFinaElf, by 30.5% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,347 shares of the oil and gas exploration company’s stock valued at $118,000 after acquiring an additional 548 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of TotalFinaElf, by 11.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,561 shares of the oil and gas exploration company’s stock valued at $127,000 after acquiring an additional 257 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of TotalFinaElf, by 30.1% in the 2nd quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock valued at $128,000 after acquiring an additional 600 shares during the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of TotalFinaElf, by 243.2% in the 2nd quarter. Grove Bank & Trust now owns 2,797 shares of the oil and gas exploration company’s stock valued at $139,000 after acquiring an additional 1,982 shares during the last quarter. Institutional investors and hedge funds own 5.41% of the company’s stock.
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.
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