Total Topped FEZ: What Impacted Its Returns?

FEZ Slumps as Crude Oil Prices Fall More

(Continued from Prior Part)

FEZ’s top stocks

On Friday, December 18, 2015, the stocks at the top of the SPDR Euro STOXX 50 ETF (FEZ) were Total (TOT), Muenchener Rueckver, Volkswagen (VLKAY), Sanofi (SNY), and ING Groep (ING). They returned 0.26%, 0.2%, -0.2%, -0.8%, and -0.9%, respectively, on that day. Total was the top performer among all of the stocks.

Factors that drove Total’s performance

  • On December 16, 2015, Total declared its fiscal 2Q15 interim dividend of 0.61 euros per share. Shareholders have options. They can either receive the dividend in cash or in new shares of the company.

  • The ex-dividend date is set for December 21, 2015.

  • The time period for exercising the option will start on December 21, 2015. It will end on January 6, 2016.

  • For Total’s ADRs (American depositary receipts), the ex-dividend date was set for December 16, 2015.

  • The time period for exercising the option will start on December 21, 2015. It will end on December 31, 2015.

  • Any shareholder who doesn’t apply for any of the above options will receive the interim dividend in cash. The date for the payment of the dividend is January 14, 2016.

Total’s returns

Currently, Total is trading at 42.01 euros. Its 52-week high is 50.30 euros. Its 52-week low is 36.92 euros. Its current PE (price-to-earnings) ratio is 111.3x. Its current PBV (price-to-book value) ratio is 1.14x. The stock’s YTD (year-to-date) return is -1.2%. The stock’s month-to-date return is -11%. The United States Oil (USO) returned -18% over a month. Currently, Total is trading 3%, 6%, and 5% below its 100-day, 50-day, and 20-day moving averages, respectively. Analysts’ estimates indicate upsides of 13% for Total over the next 12-month period from its current levels as of December 18, 2015. The above graph compares Total’s performance with its peer Eni since November 2015.

FEZ’s bottom stocks

On Friday, December 18, 2015, the stocks at the bottom of the SPDR Euro STOXX 50 ETF (FEZ) were Telefonica (TEF), Airbus (EADSY), Daimler (DDAIF), and LVMH Moet Hennessy Louis Vuitton (LVMUY). They returned -3.5%, -2.8%, -2.5%, and -2.6%, respectively, on that day. Among all of these stocks, Telefonica emerged as FEZ’s biggest loser on that day. Morgan Stanley (MS) downgraded on that day.

To learn more, read FEZ and EWJ Soar as the Fed Finally Exits Its Zero Rate Policy

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