Concorde Asset Management LLC lifted its stake in TotalFinaElf, S.A. (NYSE:TOT) by 42.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,834 shares of the oil and gas exploration company’s stock after acquiring an additional 2,341 shares during the quarter. Concorde Asset Management LLC’s holdings in TotalFinaElf, were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Perennial Advisors LLC bought a new stake in shares of TotalFinaElf, in the third quarter worth approximately $120,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of TotalFinaElf, by 11.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,561 shares of the oil and gas exploration company’s stock worth $127,000 after acquiring an additional 257 shares during the period. NEXT Financial Group Inc grew its stake in shares of TotalFinaElf, by 30.1% in the second quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock worth $128,000 after acquiring an additional 600 shares during the period. Grove Bank & Trust grew its stake in shares of TotalFinaElf, by 243.2% in the second quarter. Grove Bank & Trust now owns 2,797 shares of the oil and gas exploration company’s stock worth $139,000 after acquiring an additional 1,982 shares during the period. Finally, First Interstate Bank grew its stake in shares of TotalFinaElf, by 1.8% in the second quarter. First Interstate Bank now owns 2,810 shares of the oil and gas exploration company’s stock worth $139,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 5.30% of the company’s stock.
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Several analysts recently issued reports on the stock. Royal Bank Of Canada lowered shares of TotalFinaElf, from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 26th. Piper Jaffray Companies restated a “hold” rating and set a $53.00 target price on shares of TotalFinaElf, in a research report on Thursday, October 19th. Cowen and Company restated a “buy” rating and set a $58.00 target price on shares of TotalFinaElf, in a research report on Tuesday, October 24th. Scotiabank set a $52.00 target price on shares of TotalFinaElf, and gave the company a “hold” rating in a research report on Tuesday, August 8th. Finally, Barclays PLC lowered shares of TotalFinaElf, from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $50.30 to $57.00 in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $55.40.
TotalFinaElf, (NYSE:TOT) last issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.03). The firm had revenue of $43.04 billion for the quarter. TotalFinaElf, had a return on equity of 9.39% and a net margin of 4.90%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.7416 per share. This is a boost from TotalFinaElf,’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.27%. TotalFinaElf,’s dividend payout ratio (DPR) is presently 52.83%.
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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