Berkshire Asset Management LLC PA raised its holdings in shares of Total SA (NYSE:TOT) by 5.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 18,288 shares of the oil and gas exploration company’s stock after purchasing an additional 1,020 shares during the period. Berkshire Asset Management LLC PA’s holdings in Total were worth $1,108,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in Total during the 1st quarter valued at about $104,000. Optimum Investment Advisors purchased a new position in Total during the 1st quarter valued at about $109,000. Mount Yale Investment Advisors LLC purchased a new position in Total during the 1st quarter valued at about $116,000. Legacy Financial Advisors Inc. purchased a new position in Total during the 2nd quarter valued at about $117,000. Finally, Stelac Advisory Services LLC purchased a new position in Total during the 1st quarter valued at about $131,000. 5.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Total stock traded down $0.21 on Tuesday, reaching $61.71. The stock had a trading volume of 59,225 shares, compared to its average volume of 1,991,244. The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Total SA has a 1 year low of $49.35 and a 1 year high of $64.59. The company has a market cap of $155.37 billion, a P/E ratio of 14.98, a PEG ratio of 1.66 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 6th. Stockholders of record on Friday, June 8th were given a $0.7302 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, June 7th. Total’s payout ratio is currently 69.42%.
A number of research firms have commented on TOT. Zacks Investment Research downgraded shares of Total from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine raised shares of Total from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Jefferies Financial Group raised shares of Total from a “hold” rating to a “buy” rating in a research report on Monday, June 11th. Goldman Sachs Group reissued a “buy” rating on shares of Total in a research report on Tuesday, May 29th. Finally, UBS Group downgraded shares of Total from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Total presently has an average rating of “Buy” and a consensus target price of $51.63.
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.
Further Reading: Closed-End Mutual Funds (CEFs)
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