Reassessing The Changing Outlook For TOTAL S.A. (TOT)


    T. Rowe Price Associates, Inc. (I. recently announced the acquisition of new stake in TOTAL S.A. (NYSE:TOT). The institutional investor has increased its shareholding in the Energy company by 42.85% to 20.59 million shares with purchase of 6.18 million shares. This fresh investment now brings its stake to 0.79% valued currently at $792.07 million. In addition, Fisher Asset Management LLC raised its holdings by 0.29 million to 20.1 million shares. And Fidelity Management & Research Co. has lifted its position by 48.65% or 3.65 million shares – to 11.14 million shares.

    With over 2.74 million TOTAL S.A. (TOT) shares trading Wednesday and a closing price of $38.31 on the day, the dollar volume was approximately $105.08 million. The shares have shown a negative weekly performance of -1.76% and its price on 07/28/20 gained nearly 0.80%. Currently, there are 2.57B common shares owned by the public and among those 2.41B shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 24 analysts who have offered their price forecasts for TOT have a consensus price objective of $46.65. The analysts have set the share’s price value over the next 12 months at a high of $54.87 and a low of $33.13 should the stock experience a downside. Incidentally, analysts’ outlook for the TOTAL S.A. stock is 1.80 for the next 12 months. The average price target is 23.38% above its last price level and an upside to the estimated low will see the stock lose -15.64% over that period. But an upside of 30.18% will see the stock hit the forecast high price target while mean target price for the stock is $47.88.

    The top 3 mutual fund holders in TOTAL S.A. are Vanguard Energy Fund, Fidelity Series Intrinsic Opportu, and Fidelity Low Priced Stock Fund. Vanguard Energy Fund owns 6.25 million shares of the company’s stock, all valued at over $240.51 million. Fidelity Low Priced Stock Fund sold 9354.0 shares to bring its total holdings to over 1.82 million shares at a value of $70.15 million. Fidelity Low Priced Stock Fund now owns shares totaling to 0.07% of the shares outstanding.

    Shares of TOTAL S.A. (NYSE: TOT) opened at $38.06, up $0.06 from a prior closing price of $38.00. However, the script later closed the day at $38.31, up 0.80%. The company’s stock has a 5-day price change of -1.76% and 6.47% over the past three months. TOT shares are trading -31.28% year to date (YTD), with the 12-month market performance down to -29.20% lower. It has a 12-month low price of $22.13 and touched a high of $56.91 over the same period. Currently, 2.74 million shares have been traded, compared to an average intraday trading volume of 2.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.27%, -1.36%, and -13.32% respectively.

    Institutional ownership of TOTAL S.A. (NYSE: TOT) shares accounts for 6.70% of the company’s 2.57B shares outstanding. Mutual fund holders own 1.81%, while other institutional holders and individual stakeholders account for 4.18% and — respectively.

    It has a market capitalization of $99.19B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 12.69, while the earnings-per-share (ttm) stands at $2.99. The company has a PEG of 25.38 and a Quick Ratio of 1.00 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.28% over the week and 1.81% over the month.

    Analysts forecast that TOTAL S.A. (TOT) will achieve an EPS of -$0.19 for the current quarter, $0.03 for the next quarter and $2.56 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.33 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was $1.05 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.70%, and 179.34% over the next financial year. EPS should shrink at an annualized rate of 0.50% over the next five years, compared to 17.50% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 24 brokerage firm advisors rate TOTAL S.A. (TOT) as a “Strong Buy” at a consensus score of 1.80. Specifically, 20 Wall Street analysts polled rate the stock as a buy, while 2 of the 24 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the TOT, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on July 16, 2020, with the firm’s price target at. Wolfe Research coverage for the TOTAL S.A. (TOT) stock in a research note released on June 02, 2020 offered a Peer Perform rating with a price target of. Morgan Stanley was of a view on April 17, 2020 that the stock is Equal-Weight, while Bernstein gave the stock Outperform rating on March 25, 2020, issuing a price target of. Morgan Stanley on their part issued Overweight rating on March 20, 2020.


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