Rockefeller Capital Management L.P. grew its position in shares of Total SA (NYSE:TOT) by 36.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,209 shares of the oil and gas exploration company’s stock after buying an additional 19,595 shares during the period. Rockefeller Capital Management L.P.’s holdings in Total were worth $4,074,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund purchased a new stake in Total during the 4th quarter worth about $40,000. Deutsche Bank AG increased its stake in Total by 2,944.8% in the 4th quarter. Deutsche Bank AG now owns 1,466,824 shares of the oil and gas exploration company’s stock worth $76,538,000 after acquiring an additional 1,418,650 shares during the last quarter. FMR LLC increased its stake in Total by 23.9% in the 4th quarter. FMR LLC now owns 6,346,842 shares of the oil and gas exploration company’s stock worth $331,178,000 after acquiring an additional 1,222,746 shares during the last quarter. Boston Partners bought a new position in Total in the 4th quarter worth about $34,480,000. Finally, Temasek Holdings Private Ltd bought a new position in Total in the 4th quarter worth about $24,049,000. 6.58% of the stock is currently owned by hedge funds and other institutional investors.
TOT traded up $0.19 on Friday, hitting $55.79. 759,198 shares of the company were exchanged, compared to its average volume of 1,588,816. Total SA has a 12 month low of $49.70 and a 12 month high of $65.69. The company has a quick ratio of 1.00, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $53.74. The company has a market capitalization of $139.88 billion, a PE ratio of 11.05, a PEG ratio of 1.17 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be issued a $0.7128 dividend. This represents a $2.85 annualized dividend and a yield of 5.11%. The ex-dividend date is Friday, June 7th. Total’s dividend payout ratio (DPR) is currently 47.13%.
A number of equities analysts have weighed in on TOT shares. Deutsche Bank restated a “buy” rating on shares of Total in a research note on Tuesday, April 9th. Goldman Sachs Group reiterated a “buy” rating and set a $68.00 price objective on shares of Total in a research report on Friday, April 26th. HSBC reiterated a “buy” rating and set a $58.50 price objective on shares of Total in a research report on Thursday, May 23rd. Zacks Investment Research upgraded Total from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Monday, April 15th. Finally, ValuEngine lowered Total from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $51.70.
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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