Total SA (TOT) Short Interest Down 59.5% in March

Total SA (NYSE:TOT) was the target of a large decrease in short interest in March. As of March 29th, there was short interest totalling 900,330 shares, a decrease of 59.5% from the March 15th total of 2,223,981 shares. Based on an average daily trading volume, of 1,542,703 shares, the short-interest ratio is currently 0.6 days.

A number of analysts recently commented on TOT shares. Zacks Investment Research upgraded shares of Total from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Deutsche Bank restated a “buy” rating on shares of Total in a research report on Tuesday, April 9th. Royal Bank of Canada upgraded shares of Total from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 26th. GMP Securities restated a “buy” rating and issued a $16.00 price objective on shares of Total in a research report on Tuesday, January 8th. Finally, Cowen started coverage on shares of Total in a research report on Thursday, January 31st. They issued an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.33.

Shares of NYSE TOT opened at $55.68 on Wednesday. The firm has a market capitalization of $140.53 billion, a P/E ratio of 11.03, a P/E/G ratio of 1.10 and a beta of 0.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.04. Total has a 1-year low of $49.70 and a 1-year high of $65.69.

Total (NYSE:TOT) last announced its earnings results on Thursday, February 7th. The oil and gas exploration company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. The firm had revenue of $52.50 billion during the quarter. Total had a net margin of 5.47% and a return on equity of 11.24%. Sell-side analysts expect that Total will post 5.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Monday, March 18th were paid a $0.7237 dividend. This represents a $2.89 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Friday, March 15th. Total’s payout ratio is presently 46.93%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in Total by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 16,890,913 shares of the oil and gas exploration company’s stock worth $881,368,000 after purchasing an additional 605,158 shares during the period. FMR LLC boosted its stake in shares of Total by 23.9% during 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 buying an additional 1,222,746 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Total by 23.3% during the 4th quarter. American Century Companies Inc. now owns 2,365,897 shares of the oil and gas exploration company’s stock worth $123,453,000 after buying an additional 447,532 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of Total by 3.8% during the 3rd quarter. Federated Investors Inc. PA now owns 2,225,827 shares of the oil and gas exploration company’s stock worth $143,321,000 after buying an additional 81,019 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Total during the 4th quarter worth about $40,000. 6.14% of the stock is owned by hedge funds and other institutional investors.

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About Total

TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services segments. The Exploration & Production segment engages in the exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.

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