Institute for Wealth Management LLC. Purchases New Position in TotalFinaElf, S.A. (TOT)
Institute for Wealth Management LLC. purchased a new position in shares of TotalFinaElf, S.A. (NYSE:TOT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,472 shares of the oil and gas exploration company’s stock, valued at approximately $223,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its position 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 purchasing an additional 87 shares during the period. SRS Capital Advisors Inc. lifted its stake in TotalFinaElf, by 30.5% in the first quarter. SRS Capital Advisors Inc. now owns 2,347 shares of the oil and gas exploration company’s stock worth $118,000 after purchasing an additional 548 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in TotalFinaElf, by 11.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,561 shares of the oil and gas exploration company’s stock worth $127,000 after purchasing an additional 257 shares during the last quarter. NEXT Financial Group Inc lifted its stake in TotalFinaElf, by 30.1% in the second quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock worth $128,000 after purchasing an additional 600 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in TotalFinaElf, by 243.2% in the second quarter. Grove Bank & Trust now owns 2,797 shares of the oil and gas exploration company’s stock worth $139,000 after purchasing an additional 1,982 shares during the last quarter. 5.41% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on TOT. BidaskClub lowered TotalFinaElf, from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Scotiabank set a $52.00 target price on TotalFinaElf, and gave the company a “hold” rating in a research note on Saturday, July 1st. Canaccord Genuity upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Friday, July 21st. ValuEngine upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Societe Generale reissued a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, ten 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.
Shares of TotalFinaElf, S.A. (NYSE TOT) traded up 0.644% on Tuesday, reaching $53.744. The company had a trading volume of 108,154 shares. The company’s 50 day moving average price is $52.46 and its 200-day moving average price is $51.32. TotalFinaElf, S.A. has a 1-year low of $45.05 and a 1-year high of $55.04. The stock has a market capitalization of $133.87 billion, a P/E ratio of 18.532 and a beta of 0.75.
TotalFinaElf, (NYSE:TOT) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). The business had revenue of $39.92 billion for the quarter. TotalFinaElf, had a return on equity of 9.07% and a net margin of 4.59%. Equities analysts predict that TotalFinaElf, S.A. will post $3.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Shareholders of record on Friday, September 22nd will be given a $0.7416 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.97 dividend on an annualized basis and a yield of 5.56%. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. TotalFinaElf,’s dividend payout ratio is presently 80.41%.
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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