Zacks Investment Research Lowers TotalFinaElf, S.A. (TOT) to Hold

Zacks Investment Research Lowers TotalFinaElf, S.A. (TOT) to Hold

Zacks Investment Research downgraded shares of TotalFinaElf, S.A. (NYSE:TOT) from a buy rating to a hold rating in a research report sent to investors on Monday.

According to Zacks, “Amid the ongoing weakness in commodity prices, TOTAL has successfully lowered operating expenses as per management’s plans and is on track to exceed its cost savings target of $2.7 billion for 2016. Meanwhile, thanks to its startups, TOTAL was able to boost upstream output by 4% on a year-over-year basis. Going forward, the company will continue to benefit from its upstream startups and cost management initiatives. Strategic acquisitions and asset divestures will strengthen its portfolio. TOTAL’s initiatives to increase clean energy assets through acquisitions will diversify its operations. Shares of the company had returned higher than the broader industry in the last three months.However, fluctuating commodity prices, operations in some politically troubled regions and increasing competition could impact the company’s profitability.”

Several other brokerages have also recently commented on TOT. Jefferies Group LLC reiterated a hold rating on shares of TotalFinaElf, in a report on Wednesday, January 18th. Deutsche Bank AG upgraded shares of TotalFinaElf, from a hold rating to a buy rating in a report on Monday. J P Morgan Chase & Co cut shares of TotalFinaElf, from an overweight rating to a neutral rating in a report on Wednesday, November 2nd. Independent Research GmbH upgraded shares of TotalFinaElf, from a hold rating to a buy rating in a report on Thursday, December 1st. Finally, Credit Suisse Group cut shares of TotalFinaElf, from an outperform rating to a neutral rating in a report on Wednesday, November 30th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $53.68.

Shares of TotalFinaElf, (NYSE:TOT) opened at 49.99 on Monday. The stock has a market cap of $119.63 billion, a price-to-earnings ratio of 30.95 and a beta of 0.86. The firm’s 50-day moving average price is $50.73 and its 200-day moving average price is $48.52. TotalFinaElf, has a 12-month low of $40.08 and a 12-month high of $52.04.

The firm also recently announced a dividend, which was paid on Friday, January 20th. Shareholders of record on Tuesday, December 20th were paid a $0.552 dividend. The ex-dividend date was Friday, December 16th. TotalFinaElf,’s dividend payout ratio (DPR) is presently 137.27%.

Several institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in TotalFinaElf, by 6.3% in the third quarter. Commonwealth Equity Services Inc now owns 78,940 shares of the oil and gas exploration company’s stock worth $3,765,000 after buying an additional 4,663 shares in the last quarter. Logan Capital Management Inc. raised its position in TotalFinaElf, by 9.5% in the second quarter. Logan Capital Management Inc. now owns 23,525 shares of the oil and gas exploration company’s stock worth $1,132,000 after buying an additional 2,050 shares in the last quarter. Community Financial Services Group LLC raised its position in TotalFinaElf, by 3.2% in the third quarter. Community Financial Services Group LLC now owns 32,309 shares of the oil and gas exploration company’s stock worth $1,541,000 after buying an additional 1,000 shares in the last quarter. Meritage Portfolio Management raised its position in TotalFinaElf, by 0.6% in the third quarter. Meritage Portfolio Management now owns 94,345 shares of the oil and gas exploration company’s stock worth $4,501,000 after buying an additional 595 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in TotalFinaElf, by 0.3% in the second quarter. Moors & Cabot Inc. now owns 36,979 shares of the oil and gas exploration company’s stock worth $1,779,000 after buying an additional 122 shares in the last quarter. 6.56% of the stock is currently owned by institutional investors.

TotalFinaElf, Company Profile

Total SA (Total) is an oil and gas company. It has three segments: the Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas; the 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 the 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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