Total SA (TOT) Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its holdings in shares of Total SA (NYSE:TOT) by 28.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 246,291 shares of the oil and gas exploration company’s stock after selling 96,655 shares during the period. JPMorgan Chase & Co.’s holdings in Total were worth $15,859,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cordasco Financial Network purchased a new position in shares of Total during the third quarter valued at approximately $103,000. TRUE Private Wealth Advisors purchased a new position in shares of Total during the third quarter valued at approximately $116,000. Chicago Partners Investment Group LLC purchased a new position in shares of Total during the third quarter valued at approximately $125,000. New England Asset Management Inc. purchased a new position in shares of Total during the second quarter valued at approximately $174,000. Finally, MUFG Americas Holdings Corp increased its stake in shares of Total by 128.3% during the second quarter. MUFG Americas Holdings Corp now owns 3,125 shares of the oil and gas exploration company’s stock valued at $189,000 after buying an additional 1,756 shares during the period. 6.22% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the company. Barclays reissued a “buy” rating on shares of Total in a research note on Friday, September 14th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Total in a research note on Thursday, October 18th. Berenberg Bank assumed coverage on Total in a research note on Tuesday, September 11th. They set a “buy” rating on the stock. Piper Jaffray Companies reissued an “overweight” rating on shares of Total in a research note on Tuesday, October 23rd. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Total in a research note on Friday, October 26th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $56.00.
Total (NYSE:TOT) last issued its quarterly earnings results on Friday, October 26th. The oil and gas exploration company reported $1.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.06. The company had revenue of $54.72 billion for the quarter. Total had a return on equity of 11.09% and a net margin of 5.55%. As a group, equities analysts anticipate that Total SA will post 5.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Monday, December 17th will be paid a $0.7267 dividend. The ex-dividend date is Friday, December 14th. This represents a $2.91 annualized dividend and a yield of 5.32%. Total’s payout ratio is 60.19%.
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TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services segments. The Exploration & Production segment engages in the exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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