Flagship Harbor Advisors LLC lowered its position in shares of Total SA (NYSE:TOT) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,264 shares of the oil and gas exploration company’s stock after selling 1,268 shares during the period. Flagship Harbor Advisors LLC’s holdings in Total were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in TOT. Cordasco Financial Network bought a new stake in shares of Total during the third quarter valued at approximately $103,000. TRUE Private Wealth Advisors bought a new stake in shares of Total during the third quarter valued at approximately $116,000. Legacy Financial Advisors Inc. bought a new stake in shares of Total during the second quarter valued at approximately $117,000. Chicago Partners Investment Group LLC bought a new stake in shares of Total during the third quarter valued at approximately $125,000. Finally, CWM LLC increased its position in shares of Total by 3,696.6% during the second quarter. CWM LLC now owns 2,202 shares of the oil and gas exploration company’s stock valued at $133,000 after acquiring an additional 2,144 shares in the last quarter. 5.94% of the stock is owned by institutional investors.
TOT has been the subject of several analyst reports. Sanford C. Bernstein reissued a “buy” rating on shares of Total in a research report on Friday, October 26th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Total in a research report on Tuesday, August 7th. ValuEngine downgraded shares of Total from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Zacks Investment Research downgraded shares of Total from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Total in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.86.
Total (NYSE:TOT) last posted its earnings results on Friday, October 26th. The oil and gas exploration company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.06. Total had a net margin of 5.55% and a return on equity of 11.09%. The business had revenue of $54.72 billion during the quarter. On average, sell-side analysts forecast that Total SA will post 5.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Monday, September 24th were paid a dividend of $0.7442 per share. This represents a $2.98 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Friday, September 21st. This is a boost from Total’s previous quarterly dividend of $0.73. Total’s dividend payout ratio (DPR) is currently 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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