Wedge Capital Management L L P NC Buys 6,972 Shares of TotalFinaElf, S.A. (TOT)
Wedge Capital Management L L P NC boosted its stake in TotalFinaElf, S.A. (NYSE:TOT) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,082 shares of the oil and gas exploration company’s stock after purchasing an additional 6,972 shares during the period. Wedge Capital Management L L P NC’s holdings in TotalFinaElf, were worth $13,438,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Perennial Advisors LLC acquired a new stake in TotalFinaElf, in the third quarter valued at $120,000. Benjamin F. Edwards & Company Inc. increased its holdings in TotalFinaElf, by 11.2% in the second 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 during the period. NEXT Financial Group Inc increased its holdings in TotalFinaElf, by 30.1% in the second quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock valued at $128,000 after purchasing an additional 600 shares during the period. Grove Bank & Trust increased its holdings in TotalFinaElf, by 243.2% in the second 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 during the period. Finally, First Interstate Bank increased its holdings in TotalFinaElf, by 1.8% in the second 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 during the period. Institutional investors and hedge funds own 5.30% of the company’s stock.
TOT has been the topic of a number of research analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $58.00 price target on shares of TotalFinaElf, in a research report on Tuesday, October 24th. BidaskClub raised shares of TotalFinaElf, from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Societe Generale reaffirmed a “buy” rating on shares of TotalFinaElf, in a research report on Wednesday, July 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $53.00 price target on shares of TotalFinaElf, in a research report on Thursday, October 19th. Finally, Royal Bank Of Canada cut shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. TotalFinaElf, presently has an average rating of “Hold” and an average price target of $55.40.
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TotalFinaElf, S.A. (NYSE TOT) opened at $56.96 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 1 year low of $45.05 and a 1 year high of $56.97. The stock has a market cap of $142,550.00, a PE ratio of 14.15, a PEG ratio of 2.25 and a beta of 0.79.
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 Zacks’ consensus estimate of $1.07 by ($0.03). TotalFinaElf, had a return on equity of 9.39% and a net margin of 4.90%. The business had revenue of $43.04 billion during the quarter. research analysts forecast that TotalFinaElf, S.A. will post 4.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 19th. Investors of record on Friday, September 22nd were issued a $0.7416 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Thursday, September 21st. This is a positive change from TotalFinaElf,’s previous quarterly dividend of $0.69. TotalFinaElf,’s dividend payout ratio is currently 53.00%.
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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