Total (TOT) Rating Increased to Overweight at Morgan Stanley
Morgan Stanley upgraded shares of Total (NYSE:TOT) from an equal weight rating to an overweight rating in a report issued on Tuesday morning, MarketBeat Ratings reports.
Several other equities analysts have also recently weighed in on TOT. Piper Jaffray Companies reiterated a hold rating and issued a $53.00 price objective on shares of Total in a research note on Thursday, October 19th. Cowen reiterated a buy rating and issued a $58.00 price objective on shares of Total in a research note on Tuesday, October 24th. TD Securities reiterated a buy rating and issued a $20.00 price objective on shares of Total in a research note on Friday, November 24th. JPMorgan Chase & Co. cut shares of Total from a neutral rating to an underweight rating in a research note on Thursday, December 7th. Finally, Goldman Sachs Group reiterated a buy rating on shares of Total in a research note on Monday, December 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Total has a consensus rating of Buy and a consensus price target of $51.22.
Shares of Total (TOT) opened at $56.04 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.47. The stock has a market cap of $141,170.00, a PE ratio of 16.73, a PEG ratio of 1.43 and a beta of 0.79. Total has a 1-year low of $48.15 and a 1-year high of $59.57.
The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Monday, December 18th were paid a dividend of $0.734 per share. This represents a $2.94 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Friday, December 15th. Total’s payout ratio is 33.73%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TOT. The Manufacturers Life Insurance Company raised its stake in Total by 14.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,933 shares of the oil and gas exploration company’s stock worth $195,000 after acquiring an additional 507 shares during the period. Bank of Nova Scotia bought a new stake in Total during the 2nd quarter worth approximately $843,000. Advisory Services Network LLC raised its stake in Total by 251.1% during the 2nd quarter. Advisory Services Network LLC now owns 3,283 shares of the oil and gas exploration company’s stock worth $163,000 after acquiring an additional 2,348 shares during the period. Intl Fcstone Inc. bought a new stake in Total during the 2nd quarter worth approximately $1,036,000. Finally, Frontier Investment Mgmt Co. raised its stake in Total by 6.6% during the 2nd quarter. Frontier Investment Mgmt Co. now owns 184,337 shares of the oil and gas exploration company’s stock worth $9,141,000 after acquiring an additional 11,427 shares during the period. Institutional investors own 5.44% of the company’s stock.
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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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