Castleark Management LLC decreased its stake in Total SA (NYSE:TOT) by 28.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,810 shares of the oil and gas exploration company’s stock after selling 24,690 shares during the quarter. Castleark Management LLC’s holdings in Total were worth $3,683,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optimum Investment Advisors acquired a new position in Total in the 1st quarter valued at about $109,000. Mount Yale Investment Advisors LLC purchased a new stake in shares of Total in the 1st quarter valued at approximately $116,000. Legacy Financial Advisors Inc. purchased a new stake in shares of Total in the 2nd quarter valued at approximately $117,000. Stelac Advisory Services LLC purchased a new stake in shares of Total in the 1st quarter valued at approximately $131,000. Finally, CWM LLC raised its stake in shares of Total by 3,696.6% in the 2nd quarter. CWM LLC now owns 2,202 shares of the oil and gas exploration company’s stock valued at $133,000 after acquiring an additional 2,144 shares during the period. Institutional investors and hedge funds own 5.30% of the company’s stock.
TOT has been the topic of a number of research analyst reports. Barclays reissued a “buy” rating on shares of Total in a research note on Friday, September 14th. Berenberg Bank initiated coverage on shares of Total in a research note on Tuesday, September 11th. They set a “buy” rating on the stock. UBS Group raised shares of Total from a “neutral” rating to a “buy” rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Total in a research note on Tuesday, August 7th. Finally, ValuEngine downgraded shares of Total from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Total currently has a consensus rating of “Buy” and a consensus target price of $50.86.
Shares of Total stock traded up $0.01 during trading hours on Friday, hitting $61.58. The company had a trading volume of 2,951,310 shares, compared to its average volume of 1,889,113. Total SA has a twelve month low of $53.37 and a twelve month high of $65.69. The company has a current ratio of 1.35, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a market cap of $160.61 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.98 and a beta of 0.73.
Total (NYSE:TOT) last issued its earnings results on Thursday, July 26th. The oil and gas exploration company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.19). The company had revenue of $52.54 billion during the quarter. Total had a net margin of 5.25% and a return on equity of 10.19%. On average, analysts forecast that Total SA will post 5.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Monday, September 24th will be paid a dividend of $0.7442 per share. The ex-dividend date of this dividend is Friday, September 21st. This represents a $2.98 dividend on an annualized basis and a yield of 4.83%. This is a boost from Total’s previous quarterly dividend of $0.73. Total’s dividend payout ratio is currently 72.33%.
Total Company Profile
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.
Recommended Story: Hedge Funds – Risk or Reward?
Receive News & Ratings for Total Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total and related companies with MarketBeat.com's FREE daily email newsletter.