TotalFinaElf, S.A. (TOT) Sees Strong Trading Volume After Dividend Announcement

TotalFinaElf, S.A. (NYSE:TOT) saw an uptick in trading volume on Wednesday following a dividend announcement from the company. 805,518 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 1,382,300 shares.The stock last traded at $53.19 and had previously closed at $53.40.

The newly announced dividend which will be paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd will be issued a $0.7416 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.55%. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Thursday, September 21st. TotalFinaElf,’s dividend payout ratio is presently 80.41%.

A number of brokerages have recently commented on TOT. Scotiabank set a $52.00 target price on shares of TotalFinaElf, and gave the company a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised shares of TotalFinaElf, from a “strong sell” rating to a “sell” rating in a report on Saturday, August 19th. Barclays PLC cut shares of TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $50.30 to $57.00 in a report on Monday, August 21st. Societe Generale reissued a “buy” rating on shares of TotalFinaElf, in a report on Wednesday, July 26th. Finally, ValuEngine raised shares of TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.80.

The stock has a 50-day moving average of $51.55 and a 200-day moving average of $50.98. The stock has a market capitalization of $133.23 billion, a PE ratio of 18.44 and a beta of 0.74.

TotalFinaElf, (NYSE:TOT) last posted its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.01). The firm had revenue of $39.92 billion for the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. Equities analysts predict that TotalFinaElf, S.A. will post $3.85 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Fulton Bank N.A. boosted its stake in TotalFinaElf, by 69.5% during the 2nd quarter. Fulton Bank N.A. now owns 31,077 shares of the oil and gas exploration company’s stock valued at $1,541,000 after purchasing an additional 12,745 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its stake in TotalFinaElf, by 2.5% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 77,362 shares of the oil and gas exploration company’s stock valued at $3,901,000 after purchasing an additional 1,892 shares during the period. Synovus Financial Corp boosted its stake in TotalFinaElf, by 11.9% during the 2nd quarter. Synovus Financial Corp now owns 40,041 shares of the oil and gas exploration company’s stock valued at $1,987,000 after purchasing an additional 4,254 shares during the period. 1st Global Advisors Inc. boosted its stake in TotalFinaElf, by 2.5% during the 1st quarter. 1st Global Advisors Inc. now owns 105,294 shares of the oil and gas exploration company’s stock valued at $5,309,000 after purchasing an additional 2,618 shares during the period. Finally, Country Club Trust Company n.a. boosted its stake in TotalFinaElf, by 1.3% during the 2nd quarter. Country Club Trust Company n.a. now owns 175,295 shares of the oil and gas exploration company’s stock valued at $8,692,000 after purchasing an additional 2,265 shares during the period. 5.41% of the stock is owned by hedge funds and other institutional investors.

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About TotalFinaElf,

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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