Alliancebernstein L.P. Has $3.72 Million Stake in TotalFinaElf, S.A. (TOT)
Alliancebernstein L.P. lifted its stake in shares of TotalFinaElf, S.A. (NYSE:TOT) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,070 shares of the oil and gas exploration company’s stock after purchasing an additional 1,617 shares during the quarter. Alliancebernstein L.P.’s holdings in TotalFinaElf, were worth $3,723,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. First Interstate Bank raised its stake in shares of TotalFinaElf, by 1.8% during the second quarter. First Interstate Bank now owns 2,810 shares of the oil and gas exploration company’s stock worth $139,000 after purchasing an additional 50 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of TotalFinaElf, by 0.5% during the second quarter. Oppenheimer & Co. Inc. now owns 12,320 shares of the oil and gas exploration company’s stock worth $611,000 after purchasing an additional 62 shares during the last quarter. Shoker Investment Counsel Inc. raised its stake in shares of TotalFinaElf, by 0.4% during the second quarter. Shoker Investment Counsel Inc. now owns 16,324 shares of the oil and gas exploration company’s stock worth $809,000 after purchasing an additional 66 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of TotalFinaElf, by 1.5% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,245 shares of the oil and gas exploration company’s stock worth $266,000 after purchasing an additional 75 shares during the last quarter. Finally, Concorde Asset Management LLC raised its stake in shares of TotalFinaElf, by 1.4% during the second quarter. Concorde Asset Management LLC now owns 5,493 shares of the oil and gas exploration company’s stock worth $272,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 5.41% of the company’s stock.
Several equities research analysts have recently commented on the company. Scotiabank set a $52.00 price target on TotalFinaElf, and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Cowen and Company reiterated a “buy” rating and issued a $58.00 price objective on shares of TotalFinaElf, in a research report on Tuesday, September 19th. Royal Bank Of Canada cut TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 26th. BidaskClub upgraded TotalFinaElf, from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 19th. Finally, Barclays PLC cut TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $50.30 to $57.00 in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.00.
TotalFinaElf, S.A. (TOT) opened at 53.44 on Friday. The stock has a market cap of $133.12 billion, a PE ratio of 18.43 and a beta of 0.75. TotalFinaElf, S.A. has a 12 month low of $45.05 and a 12 month high of $55.04. The stock has a 50 day moving average price of $52.85 and a 200-day moving average price of $51.40.
TotalFinaElf, (NYSE:TOT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.01). TotalFinaElf, had a return on equity of 9.07% and a net margin of 4.59%. The firm had revenue of $39.92 billion during the quarter. On average, analysts expect that TotalFinaElf, S.A. will post $3.92 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd will be paid a $0.7416 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Thursday, September 21st. This is an increase from TotalFinaElf,’s previous quarterly dividend of $0.69. TotalFinaElf,’s payout ratio is currently 80.41%.
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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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