Zacks Investment Research upgraded shares of Total (NYSE:TOT) from a hold rating to a buy rating in a report released on Saturday. The brokerage currently has $65.00 price target on the oil and gas exploration company’s stock.
According to Zacks, ” TOTAL continues to gain from new start-ups, joint ventures and acquisitions, which are helping it to boost production. Its decision to acquire Maersk Oil for $7.45 billion will further strengthen its position globally as an oil and gas operator. Going forward, the company will continue to benefit from its cost management initiatives. However, fluctuating commodity prices, operations in some politically troubled regions and increasing competition could impact the company’s profitability. Due to its global presence, it is also exposed to risks associated with doing business abroad.”
A number of other analysts have also weighed in on TOT. Royal Bank of Canada lowered shares of Total from an outperform rating to a sector perform rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a hold rating and issued a $53.00 price objective on shares of Total in a research note on Thursday, October 19th. Cowen reaffirmed a buy rating and issued a $58.00 price objective on shares of Total in a research note on Tuesday, October 24th. TD Securities reaffirmed a buy rating and issued a $20.00 price objective on shares of Total in a research note on Friday, November 24th. Finally, JPMorgan Chase & Co. lowered shares of Total from a neutral rating to an underweight rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $48.63.
Total (NYSE:TOT) last released its quarterly earnings data 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). Total 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. sell-side analysts predict that Total will post 4.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Monday, December 18th were given a dividend of $0.734 per share. This represents a $2.94 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend was Friday, December 15th. Total’s payout ratio is 35.53%.
Several hedge funds have recently added to or reduced their stakes in TOT. JPMorgan Chase & Co. lifted its position in shares of Total by 9.3% during the second quarter. JPMorgan Chase & Co. now owns 272,661 shares of the oil and gas exploration company’s stock valued at $13,521,000 after buying an additional 23,122 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Total by 2.2% during the second quarter. Alliancebernstein L.P. now owns 75,070 shares of the oil and gas exploration company’s stock valued at $3,723,000 after buying an additional 1,617 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Total by 10.3% during the second quarter. Advisor Group Inc. now owns 52,966 shares of the oil and gas exploration company’s stock valued at $2,534,000 after buying an additional 4,941 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Total by 0.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,232,980 shares of the oil and gas exploration company’s stock valued at $61,143,000 after acquiring an additional 9,466 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Total by 4.9% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 858,600 shares of the oil and gas exploration company’s stock valued at $42,578,000 after acquiring an additional 40,000 shares in the last quarter. 5.38% of the stock is owned by institutional investors and hedge funds.
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Total 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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