37.90 +0.32 (0.85%)
After hours: 5:13PM EDT
|Bid||37.02 x 1400|
|Ask||38.04 x 800|
|Day's Range||36.96 - 37.62|
|52 Week Range||22.13 - 56.91|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||12.38|
|Forward Dividend & Yield||2.92 (7.80%)|
|Ex-Dividend Date||Mar 26, 2020|
|1y Target Est||57.00|
Thanks to long-term contracts for liquefied natural gas, Cheniere Energy Partners offers safety that is unusual for such a challenged sector
The Combined Shareholders’ Meeting of Total S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) was held as a closed session at the Company’s registered office, on May 29, 2020, under the chairmanship of Mr. Patrick Pouyanné. The resolution proposed by a group of shareholders and that the Board of Directors recommended not to approve, has been rejected by a vast majority (83.2%) of shareholders.
The Shareholders’ Meeting of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT), held today at its registered office under the chairmanship of Mr Patrick Pouyanné, declared a dividend of €2.68 per share for the financial year 2019. Given the first two interim dividends of €0.66 per share and the third interim dividend of €0.68 per share paid respectively on October 1st, 2019, January 8, 2020 and on April 1st, 2020, the remaining final 2019 dividend to be paid amounts to €0.68 per share. The Shareholders’ Meeting also decided that shareholders will be given the option to receive payment of this final dividend in cash or in new shares of the Company, each choice being exclusive of the other.
South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project. RMB, owned by FirstRand Bank, said the signing of $15 billion in financing was scheduled for June. "It will be a remarkable achievement in the circumstances," Jonathan Ross, head of oil and gas coverage at RMB, said in a statement, adding that other projects have experienced delays.
In accordance with its policy in favour of employee shareholding, the Board of Directors of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) decided, on September 18, 2019, to carry out a capital increase reserved for eligible employees and former employees of the Group worldwide under the conditions set by the eighteenth resolution at the Shareholders’ Meeting of June 1, 2018. On April 29, 2020, the Chairman and CEO decided to set (i) the subscription period from May 6 to May 18, 2020 (included) and (ii) the subscription price at 26.20 euros per share, corresponding to the average of the closing prices of the TOTAL share on Euronext Paris over the twenty trading sessions preceding the date of this decision, reduced by a 20% discount and rounded off to the highest tenth of a euro. « This year again and in spite of the health and economic crisis, Total’s employees have confirmed their attachment to the Group, first by supporting in a vast majority maintaining the operation of Capital increase reserved for employees, then by subscribing massively to it.
B&G Foods, Boot Barn, Royal Dutch Shell, TOTAL and BP highlighted as Zacks Bull and Bear of the Day
Gaussin and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) are jointly developing the world's first full electric ART® (Aircraft Refueller Transporter). This partnership between Gaussin and Total will be drawing on the 40 years of know-how of Saft (a subsidiary of Total) in designing and producing batteries for electric & hybrid commercial and industrial vehicles. This first firm order will enable Gaussin to expand its offering on the electric vehicles market and Total to provide a solution adapted to the refueling business.
Patrick Pouyanné became the CEO of TOTAL S.A. (EPA:FP) in 2014. This report will, first, examine the CEO compensation...
Total today confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced1 in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current environment – while Petrogas is no longer part of the transaction.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement with PureCycle Technologies to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses an innovative, patented technology to separate color, odor and any other contaminants from plastic waste feedstock to transform it into virgin-like recycled polypropylene.
Occidental Petroleum's (NYSE: OXY) deal to sell its assets in Ghana to French oil giant Total (NYSE: TOT) has unraveled. Total called off the planned transaction after it wasn't able to acquire Occidental's assets in Algeria, which was a condition of the deal. Occidental initially planned to flip its entire African portfolio to Total following its acquisition of Anadarko Petroleum for $8.8 billion.
Occidental Petroleum Corp. said Monday it informed Total S.A. that it would not be in position to sell its Anadarko assets in Algeria, as part of an understanding with Algerian authorities on the transfer of Anadarko's interests to Occidental. The energy company had completed its acquisition of Anadarko Petroleum Corp. in August 2019. Also in August, Occidental and Total had entered into a an agreement for Total to buy Anadarko's assets in Africa. Separately, Occidental said it was informed by Total that Total was not interested in buying Anadarko's interests in Ghana "in the current circumstances." Occidental said the company's have entered into an agreement in which Occidental can start marketing its Ghana assets to third parties. Occidental's stock shot up 6.5% in premarket trading on Total shares surged 8.2%. Over the past three months through Friday, Occidental's stock has tumbled 66.8%, Total shares have shed 32.1% and the S&P 500 has lost 15.0%.
European shares have opened 1.8% higher, S&P500 is tipped to rise and Chinese shares have seized on signs of house price recovery and promises of more central bank stimulus to post their best gain in six trading days. All six European countries have lifted short-selling bans imposed during the selloff. Clearly, rather than look at reported data and company earnings, people are focusing squarely on what lies ahead beyond the second quarter – betting on resumption of economic activity, a pick-up in manufacturing, trade and driving.
In August 2019, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The PSA provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) strengthens its positions in generation and supply of electricity and gas in Spain through the acquisition of the Energías de Portugal’s portfolio of 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts. This transaction in Spain follows Total’s entry into the country’s solar market in February with the acquisition of a portfolio of almost 2 gigawatts of renewable power projects to be developed. This deal serves Total’s ambition to achieve Carbon Neutrality by 2050 for its worldwide business across its production and energy products used by its customers, and to play a major role in the energy transition in Europe, Spain being among the first countries to have adopted an objective of Carbon Neutrality by 2050.
Equinor, Shell and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) have decided to invest in the Northern Lights project in Norway's first exploitation licence for CO₂ storage on the Norwegian Continental Shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is stepping up its research into Carbon Capture, Utilization and Storage (CCUS) technologies by signing a multi-year partnership with UK start-up Cambridge Quantum Computing (CQC). This partnership aims to develop new quantum algorithms to improve materials for CO2 capture. Total’s ambition is to be a major player in CCUS and the Group currently invests up to 10% of its annual research and development effort in this area.
The five major energy companies of the world recently announced responses to the dire situation in oil prices. Here's what that may mean for investors.
Saudi Aramco's debt is expected breach target levels as an oil price collapse triggered by the coronavirus forces it to borrow to meet the world's largest dividend pledge and buy a major stake in petrochemicals maker SABIC, analysts said. Compared with western oil companies, Saudi Arabia's national oil company appears in robust financial health.
Ormat Technologies' (ORA) top line declines 3.5% on a year-over-year basis due to lower revenues from product and energy storage & management services segments in the first quarter.
Friday’s jobs report from the Bureau of Labor Statistics showed a record 20.5 million people out of work, and the unemployment number spiked to 14.7%. This comes in the middle of earnings season, and results there have been, as expected, grim. On a positive note, however, investors seem to be taking the bad news in stride. There’s a general belief that the COVID-19 epidemic and its effects are now baked in – that we know the worst is happening, but we also know it’s temporary. As several states move toward reopening and loosening lockdown restrictions, with some encouragement from the Trump Administration, investors are starting to look toward 2H20. Whether a recovery will be a steep V-shape, or a shallower slope is up for debate, but anticipation of a recovery helps to buoy market sentiment.The upshot here is mixed signals. Macroeconomic signs – the jobs report, the earnings results – are flashing bright warning lights that we are in a recessionary event. But at the same time, investor sentiment – which is by nature forward looking – is generally positive and is boosting the main stock indexes. It’s potentially a buying environment, as long as investors don’t mind shouldering the clear risks.We’ve opened up the TipRanks database, finding three stocks whose profile justifies the entry risk in today’s unsettled conditions. All three have recently beaten their earnings forecast, and are backed by several analysts, enough to earn a “strong buy” consensus rating. And better yet, for income-minded investors, all three of these stocks show high and reliable dividend yields. Fidelity National Financial (FNF)First on our list is a $7 billion player in the mortgage industry. Fidelity National Financial provides analysis, leverage, title insurance, and underwriting services in the commercial and residential mortgage service market. 2019 was a good year for FNF – the company beat the earnings estimates in each quarter of the year.Fidelity has started 2020 on a similar note, with a strong Q1 earnings report, that beat the forecast and grew substantially year-over-year. EPS came in at 73 cents, 32% above the estimates and up an impressive 69% from Q1 2019. The earnings were more than enough to cover Fidelity’s quarterly dividend of 33 cents per share. At $1.32 annualized, this dividend yields 5.1%, more than 2.5x the average dividend found among S&P listed companies. Fidelity has been gradually growing its dividend for the past two and a half years. The payout ratio of 45% indicates that the dividend is safe – current earnings easily cover it, and there is plenty of room for further growth.Reviewing this stock for Stephens, 5-star analyst John Campbell sees a clear path forward: “…we continue to favor FNF as we believe that it offers up the best/most attractive title franchise valuation, it has a clear catalyst with the potential significant FGL accretion, and it has the best operators at the wheel as the industry ventures into what is likely to be a treacherous NT road ahead.”Campbell’s Buy rating is accompanied by a $43 price target that suggests a 69% upside potential for the stock. (To watch Campbell’s track record, click here)FNF shares have underperformed the markets so far this year. The stock is down 45%. But after the strong earnings, this makes the stock attractive – it is priced at a discount, has plenty of room to grow, and offers a high dividend return.Fidelity National’s Strong Buy consensus rating is based on 3 Buys and 1 Hold set in recent weeks. This stock is currently trading for $25.35, and the average price target of $37 implies an upside of 46%. (See FNF stock analysis on TipRanks)First American Financial (FAF)Next up on our list is an insurance service company, First American Financial. FAF specializes in title and lenders insurance, as well as property and casualty policies. The company also deals with asset dispositions, commercial due process, foreclosures, and trustee services. While these services are hardly household essentials, they are mainstays of the financial world, and FAF brought in $6.2 billion in top-line revenue in fiscal 2019.While First American’s Q1 earnings fell sequentially by 41%, the $1.06 reported beat the forecast by over 10%. It was also up 43% yoy. Revenues were also up year-over-year, by 8.4% to $1.4 billion.The solid earnings underly a reliable 44-cent quarterly dividend that FAF has raised 3 times in the past four years. The payment annualizes to $1.76, and gives a yield of 3.8%, nearly four times higher than can be found in Treasury bonds.Writing for Compass Point, analyst Chris Gamaitoni writes, “We continue to believe that First American's ability to confidently guide to profitability in this environment coupled with a low-risk balance sheet and benefiting from refinance volume will lead it to appreciate as a "safe haven" in the current environment.”Gamaitoni’s $74 price target indicates a 60% upside and bolsters his Buy rating on the stock. (To watch Gamaitoni’s track record, click here)All in all, First American has received 5 analyst reviews in recent months, including 4 Buys and 1 Hold, making the consensus rating a Strong Buy. FAF shares are selling for $46.38 and have an average price target of $58.60, more cautious than Gamaitoni’s but still suggesting a healthy 26%. (See First American stock analysis at TipRanks)Total SA (TOT)The final stock on our list is a giant of the oil industry. Total SA boasts a $90 billion market cap, even after falling 29% in the current bear cycle. The company shows the high revenues and profits typical of Big Oil, with an annual top line exceeding $200 billion and earning above $11 billion. Even the current period of low prices won’t fully derail TOT’s overall performance; the company is big enough to pad the hit, and the product always has a market.Slack demand in Q1 did have an impact on earnings, however. The 66 cents per share was 20% higher than expected, although it was down 44% year-over-year. On a positive note, Q1 was the third consecutive quarter that saw earnings beat expectations.Total SA pays out a reliable dividend to shareholders, and even though market conditions are volatile the company announced an increase in the dividend payment effective in Q2. The new payment, 74.75 cents per share quarterly, will annualize to $2.99 and give a yield of 8.5%. The recently announced dividend increase is a sign that company management is confident in their ability to continue returning profits to shareholders. It is also a good sign for investors interested in an oil play.Ryan Todd, of Piper Sandler, sees Total SA as well-positioned for future gains. He writes, “…while the release was largely devoid of transformative updates, a further pruning of FY20 capex and opex targets, a relatively more constructive near-term downstream outlook, and operational momentum following its 1Q beat should be enough given the relative underperformance in the equity vs. its European peers over the last month.”Todd puts a $45 price target on TOT shares, along with a Buy rating. His target implies an upside potential of 29%. (To watch Todd’s track record, click here)Wall Street’s analyst corps has sent in 9 reviews on TOT, with a breakdown of 8 Buys to 1 Hold. The stock has an average price target of $43.52, which suggests a 25% premium from the $34.81 current trading price. (See Total SA stock analysis on TipRanks)To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Oil stocks, on the other hand, continue to lag. The Energy Select Sector SPDR ETF (NYSEMKT: XLE), representing the oil and gas stocks in the S&P 500, is down more than 36%. For many investors, this points sharply at Big Oil -- the biggest companies in the oil patch -- as being great investments as one of the few sectors that is still well below 2020 highs.