Total (TOT) Upgraded to “Overweight” at Barclays
TOT has been the topic of a number of other reports. Zacks Investment Research upgraded Total from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Saturday, January 20th. Piper Jaffray Companies reiterated a hold rating and set a $58.00 price target on shares of Total in a research report on Friday, February 23rd. Scotiabank reiterated a hold rating and set a $62.00 price target on shares of Total in a research report on Thursday, December 21st. TD Securities reiterated a buy rating and set a $20.00 price target on shares of Total in a research report on Friday, November 24th. Finally, Morgan Stanley upgraded Total from an equal weight rating to an overweight rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Total currently has an average rating of Buy and a consensus price target of $51.78.
Shares of Total (NYSE:TOT) opened at $57.66 on Tuesday. Total has a one year low of $48.15 and a one year high of $59.57. The stock has a market capitalization of $145,870.00, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. The company has a current ratio of 1.50, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 16th will be issued a $0.7637 dividend. This represents a $3.05 dividend on an annualized basis and a yield of 5.30%. This is a positive change from Total’s previous quarterly dividend of $0.73. The ex-dividend date is Thursday, March 15th. Total’s dividend payout ratio is 33.73%.
Hedge funds have recently modified their holdings of the stock. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in Total in the 4th quarter worth approximately $110,000. Premia Global Advisors LLC bought a new position in Total in the 4th quarter worth approximately $134,000. Bank of Nova Scotia Trust Co. bought a new position in Total in the 3rd quarter worth approximately $147,000. Lenox Wealth Management Inc. grew its holdings in Total by 46.0% in the 3rd quarter. Lenox Wealth Management Inc. now owns 2,915 shares of the oil and gas exploration company’s stock worth $157,000 after buying an additional 919 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Total by 14.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,933 shares of the oil and gas exploration company’s stock worth $195,000 after buying an additional 507 shares in the last quarter. 5.43% of the stock is owned by institutional investors and hedge funds.
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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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