Point72 Asset Management L.P. Has $2.73 Million Position in Total SA (TOT)
Point72 Asset Management L.P. decreased its position in shares of Total SA (NYSE:TOT) by 74.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,000 shares of the oil and gas exploration company’s stock after selling 132,500 shares during the quarter. Point72 Asset Management L.P.’s holdings in Total were worth $2,725,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Flagship Harbor Advisors LLC bought a new stake in shares of Total in the 2nd quarter valued at $516,000. Franklin Square Holdings L.P. boosted its stake in shares of Total by 34.1% during the 2nd quarter. Franklin Square Holdings L.P. now owns 25,940 shares of the oil and gas exploration company’s stock worth $1,571,000 after buying an additional 6,600 shares during the last quarter. Morgan Stanley boosted its stake in shares of Total by 11.5% during the 2nd quarter. Morgan Stanley now owns 3,114,505 shares of the oil and gas exploration company’s stock worth $188,615,000 after buying an additional 320,069 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Total during the 2nd quarter worth about $1,782,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of Total during the 2nd quarter worth about $5,926,000. 5.30% of the stock is currently owned by hedge funds and other institutional investors.
TOT has been the subject of a number of recent research reports. ValuEngine upgraded shares of Total from a “hold” rating to a “buy” rating in a research note on Tuesday, July 10th. Zacks Investment Research upgraded shares of Total from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Thursday, June 21st. Barclays reiterated a “buy” rating on shares of Total in a research note on Friday, September 14th. Berenberg Bank initiated coverage on shares of Total in a report on Tuesday, September 11th. They issued a “buy” rating on the stock. Finally, UBS Group raised shares of Total from a “neutral” rating to a “buy” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Total has a consensus rating of “Buy” and an average price target of $50.86.
Total (NYSE:TOT) last issued its earnings results on Thursday, July 26th. The oil and gas exploration company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.19). Total had a net margin of 5.25% and a return on equity of 10.19%. The company had revenue of $52.54 billion during the quarter. As a group, analysts anticipate that Total SA will post 5.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Monday, September 24th will be issued a dividend of $0.7442 per share. This represents a $2.98 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Friday, September 21st. This is a positive change from Total’s previous quarterly dividend of $0.73. Total’s payout ratio is 72.33%.
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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