Horizon Investments LLC Invests $947,000 in TotalFinaElf, S.A. (TOT)
Horizon Investments LLC acquired a new stake in shares of TotalFinaElf, S.A. (NYSE:TOT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 17,552 shares of the oil and gas exploration company’s stock, valued at approximately $947,000.
Several other institutional investors also recently bought and sold shares of TOT. BlackRock Inc. grew its holdings in shares of TotalFinaElf, by 762,513.6% during the 1st quarter. BlackRock Inc. now owns 12,575,498 shares of the oil and gas exploration company’s stock valued at $634,057,000 after purchasing an additional 12,573,849 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of TotalFinaElf, by 5,258.7% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,038,040 shares of the oil and gas exploration company’s stock valued at $52,338,000 after purchasing an additional 1,018,669 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of TotalFinaElf, by 8.2% during the 1st quarter. Bank of America Corp DE now owns 11,558,053 shares of the oil and gas exploration company’s stock valued at $582,759,000 after purchasing an additional 871,051 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of TotalFinaElf, during the 1st quarter valued at $41,274,000. Finally, Sound Shore Management Inc. CT grew its holdings in shares of TotalFinaElf, by 20.7% during the 2nd quarter. Sound Shore Management Inc. CT now owns 3,871,102 shares of the oil and gas exploration company’s stock valued at $191,968,000 after purchasing an additional 663,620 shares during the last quarter. Hedge funds and other institutional investors own 5.41% of the company’s stock.
Several equities analysts recently commented on TOT shares. Societe Generale reaffirmed a “buy” rating on shares of TotalFinaElf, in a report on Wednesday, July 26th. ValuEngine raised shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Canaccord Genuity raised shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Friday, July 21st. Cowen and Company reaffirmed a “buy” rating and set a $58.00 target price on shares of TotalFinaElf, in a report on Tuesday. Finally, Barclays PLC lowered shares of TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $50.30 to $57.00 in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TotalFinaElf, currently has a consensus rating of “Hold” and an average target price of $55.33.
Shares of TotalFinaElf, S.A. (TOT) traded up 0.3155% during midday trading on Friday, hitting $54.0801. 624,870 shares of the stock were exchanged. TotalFinaElf, S.A. has a 12 month low of $45.05 and a 12 month high of $54.71. The stock has a market cap of $134.71 billion, a P/E ratio of 18.6483 and a beta of 0.74. The firm has a 50 day moving average of $51.84 and a 200-day moving average of $51.06.
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). TotalFinaElf, had a return on equity of 9.07% and a net margin of 4.59%. The company had revenue of $39.92 billion during the quarter. Equities research analysts anticipate that TotalFinaElf, S.A. will post $3.85 EPS for the current year.
The firm also recently announced 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. This represents a $2.97 annualized dividend and a yield of 5.50%. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, September 21st. TotalFinaElf,’s dividend payout ratio is presently 80.41%.
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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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