Northern Trust Corp Boosts Stake in Total SA (NYSE:TOT)
Northern Trust Corp grew its holdings in Total SA (NYSE:TOT) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,046,676 shares of the oil and gas exploration company’s stock after acquiring an additional 196,836 shares during the quarter. Northern Trust Corp’s holdings in Total were worth $169,547,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund bought a new position in shares of Total during the 4th quarter valued at about $40,000. Deutsche Bank AG lifted its stake in Total by 2,944.8% in the 4th quarter. Deutsche Bank AG now owns 1,466,824 shares of the oil and gas exploration company’s stock valued at $76,538,000 after acquiring an additional 1,418,650 shares in the last quarter. FMR LLC increased its position in shares of Total by 23.9% during the 4th quarter. FMR LLC now owns 6,346,842 shares of the oil and gas exploration company’s stock worth $331,178,000 after purchasing an additional 1,222,746 shares during the last quarter. Boston Partners acquired a new position in shares of Total during the 4th quarter worth approximately $34,480,000. Finally, Temasek Holdings Private Ltd acquired a new position in shares of Total during the 4th quarter worth approximately $24,049,000. 6.58% of the stock is owned by hedge funds and other institutional investors.
Shares of TOT stock traded down $1.35 during trading on Wednesday, reaching $53.16. 53,588 shares of the company’s stock were exchanged, compared to its average volume of 1,570,221. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $134.02 billion, a PE ratio of 10.52, a PEG ratio of 1.06 and a beta of 0.67. Total SA has a twelve month low of $49.70 and a twelve month high of $65.69.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be issued a dividend of $0.7128 per share. This represents a $2.85 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Friday, June 7th. Total’s payout ratio is presently 56.44%.
Several research analysts have weighed in on the company. Zacks Investment Research raised Total from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, May 8th. Citigroup lowered Total from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. HSBC reaffirmed a “buy” rating and set a $58.50 price target on shares of Total in a research report on Wednesday, May 8th. ValuEngine raised Total from a “sell” rating to a “hold” rating in a research report on Monday, May 20th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Total in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $51.70.
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TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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