American Century Companies Inc. cut its holdings in shares of Total SA (NYSE:TOT) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,918,365 shares of the oil and gas exploration company’s stock after selling 9,932 shares during the period. American Century Companies Inc.’s holdings in Total were worth $123,524,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cordasco Financial Network bought a new position in shares of Total during the third quarter worth approximately $103,000. TRUE Private Wealth Advisors bought a new position in shares of Total during the third quarter worth approximately $116,000. Legacy Financial Advisors Inc. bought a new position in shares of Total during the second quarter worth approximately $117,000. CWM LLC increased its holdings 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 worth $133,000 after purchasing an additional 2,144 shares during the period. Finally, Jolley Asset Management LLC bought a new position in shares of Total during the second quarter worth approximately $165,000. 5.94% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on TOT. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Total in a report on Friday, October 26th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Total in a research report on Tuesday, August 7th. ValuEngine lowered shares of Total from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Royal Bank of Canada reiterated a “hold” rating on shares of Total in a research report on Friday, October 26th. Finally, UBS Group reiterated a “buy” rating on shares of Total in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Total currently has an average rating of “Buy” and an average price target of $50.86.
Total (NYSE:TOT) last issued its earnings results on Friday, October 26th. The oil and gas exploration company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.06. The firm had revenue of $54.72 billion for the quarter. Total had a net margin of 5.55% and a return on equity of 11.09%. Equities analysts anticipate that Total SA will post 5.47 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Stockholders of record on Monday, September 24th were issued a dividend of $0.7442 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Friday, September 21st. This is a positive change from Total’s previous quarterly dividend of $0.73. 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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