TotalFinaElf, S.A. (TOT) Shares Sold by Jarislowsky Fraser Ltd
Jarislowsky Fraser Ltd lessened its stake in TotalFinaElf, S.A. (NYSE:TOT) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,277 shares of the oil and gas exploration company’s stock after selling 2,931 shares during the quarter. Jarislowsky Fraser Ltd’s holdings in TotalFinaElf, were worth $12,003,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Perennial Advisors LLC purchased a new position in shares of TotalFinaElf, in the 3rd quarter valued at about $120,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of TotalFinaElf, by 11.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,561 shares of the oil and gas exploration company’s stock valued at $127,000 after purchasing an additional 257 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of TotalFinaElf, by 243.2% in the 2nd quarter. Grove Bank & Trust now owns 2,797 shares of the oil and gas exploration company’s stock valued at $139,000 after purchasing an additional 1,982 shares in the last quarter. First Interstate Bank increased its holdings in shares of TotalFinaElf, by 1.8% in the 2nd quarter. First Interstate Bank now owns 2,810 shares of the oil and gas exploration company’s stock valued at $139,000 after purchasing an additional 50 shares in the last quarter. Finally, Chicago Partners Investment Group LLC purchased a new position in shares of TotalFinaElf, in the 2nd quarter valued at about $149,000. Institutional investors and hedge funds own 5.29% of the company’s stock.
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A number of brokerages have recently issued reports on TOT. Royal Bank Of Canada downgraded shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $53.00 price target on shares of TotalFinaElf, in a report on Thursday, October 19th. Cowen and Company reiterated a “buy” rating and issued a $58.00 price target on shares of TotalFinaElf, in a report on Tuesday, October 24th. Scotiabank set a $52.00 price target on shares of TotalFinaElf, and gave the company a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC downgraded shares of TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $50.30 to $57.00 in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $55.40.
TotalFinaElf, S.A. (TOT) opened at $55.55 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. TotalFinaElf, S.A. has a twelve month low of $45.05 and a twelve month high of $56.98. The firm has a market cap of $139,916.77, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.25 and a beta of 0.77.
TotalFinaElf, (NYSE:TOT) last posted its earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.03). The business had revenue of $43.04 billion for the quarter. TotalFinaElf, had a net margin of 4.90% and a return on equity of 9.39%. equities research analysts anticipate that TotalFinaElf, S.A. will post 4.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd were issued a dividend of $0.7416 per share. The ex-dividend date was Thursday, September 21st. This is an increase from TotalFinaElf,’s previous quarterly dividend of $0.69. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.34%. TotalFinaElf,’s payout ratio is 52.83%.
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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