Total SA (NYSE:TOT) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,946,406 shares, a growth of 62.8% from the February 28th total of 5,496,132 shares. Based on an average trading volume of 2,229,813 shares, the short-interest ratio is presently 4.0 days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOT. Price T Rowe Associates Inc. MD raised its position in Total SA by 23.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 24,429,114 shares of the oil and gas exploration company’s stock worth $1,165,269,000 after buying an additional 4,683,618 shares during the period. Institutional Capital LLC purchased a new position in Total SA during the fourth quarter worth approximately $195,149,000. Todd Asset Management LLC raised its position in Total SA by 5,403.1% in the third quarter. Todd Asset Management LLC now owns 1,164,291 shares of the oil and gas exploration company’s stock worth $55,537,000 after buying an additional 1,143,134 shares during the period. Federated Investors Inc. PA raised its position in Total SA by 166.1% in the fourth quarter. Federated Investors Inc. PA now owns 1,345,379 shares of the oil and gas exploration company’s stock worth $68,574,000 after buying an additional 839,819 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Total SA during the third quarter worth approximately $37,168,000. Hedge funds and other institutional investors own 6.74% of the company’s stock.
Shares of Total SA (NYSE:TOT) opened at 50.42 on Friday. The firm has a market capitalization of $123.19 billion, a P/E ratio of 20.09 and a beta of 0.86. Total SA has a 12-month low of $43.55 and a 12-month high of $52.04. The company has a 50-day moving average price of $50.26 and a 200-day moving average price of $49.07.
Total SA (NYSE:TOT) last released its quarterly earnings results on Thursday, February 9th. The oil and gas exploration company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. Total SA had a net margin of 4.14% and a return on equity of 8.25%. Equities analysts predict that Total SA will post $4.33 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 17th will be given a dividend of $0.543 per share. The ex-dividend date is Wednesday, March 15th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 4.31%. Total SA’s dividend payout ratio (DPR) is currently 87.70%.
A number of brokerages have recently commented on TOT. Scotiabank set a $53.00 price target on Total SA and gave the company a “buy” rating in a research note on Monday, March 27th. Deutsche Bank AG cut Total SA from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. Jefferies Group LLC reiterated a “hold” rating on shares of Total SA in a research note on Wednesday, January 18th. Goldman Sachs Group Inc upgraded Total SA from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, February 21st. Finally, Zacks Investment Research cut Total SA from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $53.67.
About Total SA
Total SA (Total) is a France-based 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.