TotalEnergies: Disclosure of Transactions in Own Shares
- None.
- None.
Insights
Share repurchase programs are a significant financial maneuver that can influence a company's stock price and signal confidence in its own financial health. In the case of TotalEnergies SE, the repurchase of 2,538,411 shares represents a substantial investment back into the company, amounting to approximately 149.67 million EUR. This action can be interpreted as a strategic move to manage the company's capital structure, potentially aiming to increase earnings per share (EPS) by reducing the number of shares outstanding.
Furthermore, the timing and price of these repurchases, with daily weighted average purchase prices ranging from approximately 58.26 to 60.11 EUR per share, indicate that the company may believe its stock is undervalued. By buying back shares at these prices, TotalEnergies could be aiming to provide support to the stock price or to return value to shareholders, as repurchased shares are often retired, thereby increasing the ownership stake of remaining shareholders.
It's also worth noting that the share repurchase was conducted across several markets, including XPAR, CEUX, TQEX and AQEU, demonstrating the company's active engagement in various European trading venues. This kind of activity often requires careful analysis of market conditions and timing to optimize the cost-effectiveness of the buyback.
From a market perspective, TotalEnergies SE's share repurchase can be seen as a response to macroeconomic conditions and market sentiment. Share buybacks are often used by companies during periods of market stability or when there is excess cash on the balance sheet. In the energy sector, where TotalEnergies operates, factors such as oil prices, regulatory changes and global energy demand play a crucial role in determining a company's profitability and cash flow.
By analyzing the share repurchase data within the context of the energy market and TotalEnergies' financial performance, one can assess the impact of such a buyback on the company's future growth prospects. For instance, if the energy market is anticipated to improve, TotalEnergies' repurchase could be well-timed to capitalize on future price appreciations. Conversely, if the market outlook is negative, the buyback could be seen as a defensive move to prop up the share price amidst challenging conditions.
In accordance with the authorization given by the ordinary shareholders’ general meeting on May 26, 2023, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares the following purchases of its own shares (FR0000120271) from January 15 to January 19, 2024:
Transaction Date |
Total daily volume
|
Daily weighted
|
Amount of
|
Market (MIC Code) |
15/01/2024 |
206,239 |
60.114371 |
12,397,927.76 |
XPAR |
15/01/2024 |
222,000 |
59.977335 |
13,314,968.37 |
CEUX |
15/01/2024 |
36,500 |
59.991869 |
2,189,703.22 |
TQEX |
15/01/2024 |
31,500 |
59.993207 |
1,889,786.02 |
AQEU |
16/01/2024 |
312,937 |
59.682301 |
18,676,800.23 |
XPAR |
16/01/2024 |
139,419 |
59.586281 |
8,307,459.71 |
CEUX |
16/01/2024 |
25,000 |
59.612496 |
1,490,312.40 |
TQEX |
16/01/2024 |
25,000 |
59.611835 |
1,490,295.88 |
AQEU |
17/01/2024 |
302,040 |
58.256947 |
17,595,928.27 |
XPAR |
17/01/2024 |
146,422 |
58.183307 |
8,519,316.18 |
CEUX |
17/01/2024 |
31,700 |
58.189080 |
1,844,593.84 |
TQEX |
17/01/2024 |
34,691 |
58.193755 |
2,018,799.55 |
AQEU |
18/01/2024 |
309,544 |
58.293851 |
18,044,511.81 |
XPAR |
18/01/2024 |
130,000 |
58.233410 |
7,570,343.30 |
CEUX |
18/01/2024 |
42,500 |
58.254687 |
2,475,824.20 |
TQEX |
18/01/2024 |
32,500 |
58.260692 |
1,893,472.49 |
AQEU |
19/01/2024 |
220,425 |
58.729090 |
12,945,359.66 |
XPAR |
19/01/2024 |
215,000 |
58.643334 |
12,608,316.81 |
CEUX |
19/01/2024 |
40,000 |
58.635960 |
2,345,438.40 |
TQEX |
19/01/2024 |
34,994 |
58.639023 |
2,052,013.97 |
AQEU |
Total |
2,538,411 |
58.962545 |
149,671,172.07 |
|
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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TotalEnergies
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Source: TOTALENERGIES SE
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