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Export date: Fri Jan 19 7:41:38 2018 / +0000 GMT

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




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 1 stock market index and has a market cap of $122.6B.

 

Technical Analysis


If you follow the Elliott Wave Principle 2I 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 3 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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Links:
  1. http://stockcharts.com/h-sc/ui?s=%24STOX5E&p=D &yr=2&mn=0&dy=0&id=p70030873411
  2. https://en.wikipedia.org/wiki/Elliott_wave_princip le
  3. http://www.nasdaq.com/symbol/tot/dividend-history
  4. https://www.facebook.com/madcashlab/
Post date: 2016-08-31 23:08:43
Post date GMT: 2016-09-01 03:08:43

Post modified date: 2016-10-31 13:50:39
Post modified date GMT: 2016-10-31 17:50:39

Export date: Fri Jan 19 7:41:38 2018 / +0000 GMT
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