Total (TOT) Lowered to Hold at Zacks Investment Research
Total (NYSE:TOT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Shares of TOTAL have returned better than the industry it belongs to in the last 12 months. Fourth-quarter earnings of the company were better than expected due to higher oil production and improvement in commodity prices. Going forward, the company will benefit further from upstream startups and cost management initiatives. It continues to gain from strategic acquisitions and asset divestures, which will further strengthen the portfolio. The company is utilizing its strong cash flow generating capacity to strengthen its balance sheet, pay dividend and buy back shares. However, operations in some politically troubled regions and increasing competition could impact the company’s profitability. Due to its global presence, it is also exposed to risks associated with doing business abroad.”
A number of other research firms have also recently weighed in on TOT. Cowen reaffirmed an “outperform” rating and issued a $64.00 price objective (up previously from $58.00) on shares of Total in a report on Thursday, February 8th. Sanford C. Bernstein raised shares of Total from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a report on Friday, February 9th. TD Securities reissued a “buy” rating and set a $20.00 target price on shares of Total in a research note on Friday, November 24th. Scotiabank reissued a “hold” rating and set a $62.00 target price on shares of Total in a research note on Thursday, December 21st. Finally, JPMorgan Chase & Co. cut shares of Total from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Total has an average rating of “Hold” and a consensus target price of $51.22.
Total (NYSE:TOT) last released its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.04. Total had a net margin of 5.03% and a return on equity of 9.55%. The company had revenue of $47.35 billion during the quarter. equities research analysts expect that Total will post 4.83 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of TOT. Amundi Pioneer Asset Management Inc. boosted its position in Total by 1,111.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,414,753 shares of the oil and gas exploration company’s stock worth $188,768,000 after acquiring an additional 3,132,853 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in Total by 6,364.1% during the fourth quarter. Miller Howard Investments Inc. NY now owns 1,070,580 shares of the oil and gas exploration company’s stock worth $59,182,000 after acquiring an additional 1,054,018 shares during the last quarter. Wells Fargo & Company MN boosted its position in Total by 9.2% during the third quarter. Wells Fargo & Company MN now owns 6,952,181 shares of the oil and gas exploration company’s stock worth $372,080,000 after acquiring an additional 587,013 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in Total during the fourth quarter worth about $16,815,000. Finally, Sensato Investors LLC acquired a new position in Total during the fourth quarter worth about $15,353,000. Hedge funds and other institutional investors own 5.49% of the company’s stock.
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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