M&R Capital Management Inc. reduced its holdings in TotalFinaElf, S.A. (NYSE:TOT) by 31.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,405 shares of the oil and gas exploration company’s stock after selling 2,525 shares during the period. M&R Capital Management Inc.’s holdings in TotalFinaElf, were worth $272,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. IHT Wealth Management LLC lifted its stake in TotalFinaElf, by 4.4% in the 1st quarter. IHT Wealth Management LLC now owns 2,080 shares of the oil and gas exploration company’s stock worth $106,000 after acquiring an additional 87 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in TotalFinaElf, by 30.5% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,347 shares of the oil and gas exploration company’s stock worth $118,000 after acquiring an additional 548 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in 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 worth $127,000 after acquiring an additional 257 shares in the last quarter. NEXT Financial Group Inc lifted its stake in TotalFinaElf, by 30.1% in the 2nd quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock worth $128,000 after acquiring an additional 600 shares in the last quarter. Finally, Grove Bank & Trust lifted its stake in 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 worth $139,000 after acquiring an additional 1,982 shares in the last quarter. 5.41% of the stock is owned by hedge funds and other institutional investors.
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TotalFinaElf, S.A. (TOT) traded up 0.7434% during midday trading on Tuesday, hitting $53.7567. The stock had a trading volume of 427,904 shares. TotalFinaElf, S.A. has a 52 week low of $45.05 and a 52 week high of $55.04. The firm has a market cap of $133.91 billion, a P/E ratio of 18.5368 and a beta of 0.75. The stock has a 50-day moving average of $52.93 and a 200-day moving average of $51.45.
TotalFinaElf, (NYSE:TOT) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). The firm had revenue of $39.92 billion during the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. Analysts forecast that TotalFinaElf, S.A. will post $3.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd will be issued a $0.7416 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.56%. This is a positive change from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, September 21st. TotalFinaElf,’s payout ratio is 80.41%.
TOT has been the subject of several research analyst reports. Cowen and Company reissued a “buy” rating and issued a $58.00 price objective on shares of TotalFinaElf, in a research note on Tuesday, September 19th. Scotiabank set a $54.00 price target on TotalFinaElf, and gave the stock a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub raised TotalFinaElf, from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 19th. Societe Generale reaffirmed a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. Finally, Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.00.
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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