Stock Purchase Alert – TOT – More Gas Thrown on the Fire

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Today I purchased TOT for $47.83 per share.  The stock ticker represents Total SA which is a French oil and gas company.

I used the proceeds from selling EDV to purchase TOT.  This stock has been on my watch list for about a year and a half now.  It looks as though oil prices found their bottom back in February 2016 which took a tool on many oil companies.  Now I feel more comfortable purchasing TOT and adding it to my portfolio.

 

Background

Total SA (TOT) is a French oil and gas company and is one of the largest oil companies in the world.  Total SA is considered “big oil” and part of the 7 supermajors which include:

  • BP plc (United Kingdom)
  • Chevron Corporation (United States)
  • ExxonMobil Corporation (United States)
  • Royal Dutch Shell plc (Netherlands and United Kingdom)
  • Total SA (France)
  • Eni (Italy)
  • ConocoPhillips Company (United States)

Total SA is involved in the following business segments:

  • Oil Exploration & Production
  • Gas, Renewables & Power
  • Refining & Chemicals
  • Trading & Shipping
  • Marketing & Services

The company is a component of the Euro Stoxx 50 stock market index and has a market cap of $122.6B.

 

Technical Analysis

If you follow the Elliott Wave PrincipleI believe this stock has experienced a 3 wave correction from it’s highest price of $74.22 on June 24, 2014.  It has now started the next 5 wave pattern up.  I believe it is currently in a wave 1.  I also like to see that the MACD and RSI are trending upwards.

 

TOT Dividend Stock
Looks like Wave 1 has started. I also like the fact that the RSI and MACD have been strengthening for the last year and a half.

 

Dividends

The company has been paying a consistent dividend for the last 15 years, possibly longer.  Since 2012, the dividend payments have been on a quarterly basis.  The current dividend yield is 5.59%.  The most recent quarterly dividend was $0.6918 and was paid on July 1st, 2016.

I always like to look back about 10 years to see what a stock’s peak price was and the dividend yield during that time.  It appears the stock was at it’s highest price in 2008 at $91.34 per share.  In 2008, the dividends totaled $3.14.  The dividend yield at the peak price was 3.44%.

If this stock was purchased at it’s highest price of $91.34 and was still held today, the dividend yield would still be 3.00%.  This is based on the last 4 quarters of dividends which have totaled $2.71.

I will be looking forward to my first dividend payment in October and will be sure to report the results!

 

Hi readers! Do you currently hold TOT as a dividend stock?  If not, would you consider adding it to your portfolio?

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Welcome to all aspiring early retirees! My wife and I still work however we have each been able to cut our hours worked from 40 each week to 24.

We have had no change in lifestyle as a result (except more time with family) and are building wealth every month.

I hope to share some of our ongoing story with you and be an inspiration to you on your path to financial freedom!
Cash Lab
Follow Me

Cash Lab

Welcome to all aspiring early retirees! My wife and I still work however we have each been able to cut our hours worked from 40 each week to 24. We have had no change in lifestyle as a result (except more time with family) and are building wealth every month. I hope to share some of our ongoing story with you and be an inspiration to you on your path to financial freedom!

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