TotalEnergies SE: Disclosure of Transactions in Own Shares
- None.
- None.
Insights
Examining the share repurchase activity by TotalEnergies SE reveals a strategic effort to manage capital allocation and potentially signal confidence in the company's intrinsic value. Share buybacks can be a double-edged sword, as they may indicate a lack of profitable reinvestment opportunities or be used to enhance earnings per share (EPS) and return on equity (ROE) metrics artificially. However, the significant volume of shares repurchased and the investment of approximately 116 million EUR suggest a bullish stance by the management on the company's financial health.
Analyzing the daily weighted average purchase price, there is a slight increase over the days, which could indicate a stable or growing investor confidence in the stock, potentially leading to a positive market reaction. Investors should monitor the company's leverage ratios post-buyback, as excessive repurchasing on debt can lead to increased financial risk.
The repurchase activity took place across multiple markets, including XPAR, CEUX, TQEX and AQEU, demonstrating TotalEnergies' commitment to liquidity and accessibility for shareholders across different trading venues. This move could improve the stock's liquidity and potentially reduce volatility. It is also noteworthy that the repurchases were executed shortly after the new year, a period that often sees renewed investor interest and strategic positioning by companies.
By analyzing industry trends, one can infer that energy companies are currently facing a complex macroeconomic environment with fluctuating oil prices and a global push towards sustainable energy. In this context, TotalEnergies' repurchase program may be part of a broader strategy to navigate these challenges while also rewarding shareholders and stabilizing its stock price.
Share repurchase programs are often subject to scrutiny regarding their impact on corporate governance. In the case of TotalEnergies, the repurchase was authorized by the shareholders' general meeting, indicating a level of transparency and shareholder approval. Such activities must comply with market regulations, including the Market Abuse Regulation in the EU, to prevent any potential manipulation of share price.
It is essential for stakeholders to assess whether these buybacks are aligned with the company's long-term strategic goals and how they affect the distribution of capital between dividends and reinvestment in the business. The disclosed transactions also reflect the company's adherence to regulatory disclosure requirements, which is a positive sign for corporate governance practices.
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 2 to January 5, 2024:
Transaction
|
Total daily
|
Daily weighted
|
Amount of
|
Market
|
02/01/2024 |
302,916 |
61.974199 |
18,772,976.46 |
XPAR |
02/01/2024 |
120,000 |
61.981300 |
7,437,756.00 |
CEUX |
02/01/2024 |
25,000 |
61.973026 |
1,549,325.65 |
TQEX |
02/01/2024 |
20,000 |
61.994352 |
1,239,887.04 |
AQEU |
03/01/2024 |
306,584 |
61.496675 |
18,853,896.61 |
XPAR |
03/01/2024 |
120,000 |
61.491296 |
7,378,955.52 |
CEUX |
03/01/2024 |
25,000 |
61.490497 |
1,537,262.43 |
TQEX |
03/01/2024 |
20,000 |
61.492265 |
1,229,845.30 |
AQEU |
04/01/2024 |
298,187 |
62.608172 |
18,668,942.98 |
XPAR |
04/01/2024 |
120,000 |
62.612355 |
7,513,482.60 |
CEUX |
04/01/2024 |
25,000 |
62.611461 |
1,565,286.53 |
TQEX |
04/01/2024 |
20,000 |
62.613543 |
1,252,270.86 |
AQEU |
05/01/2024 |
299,722 |
62.404759 |
18,704,079.18 |
XPAR |
05/01/2024 |
120,000 |
62.399012 |
7,487,881.44 |
CEUX |
05/01/2024 |
25,000 |
62.399351 |
1,559,983.78 |
TQEX |
05/01/2024 |
20,000 |
62.399973 |
1,247,999.46 |
AQEU |
Total |
1,867,409 |
62.118064 |
115,999,831.83 |
|
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.
@TotalEnergies TotalEnergies TotalEnergies TotalEnergies
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
Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com
Source: TotalEnergies SE
FAQ
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What was the average purchase price of TotalEnergies SE shares from January 2 to January 5, 2024?
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Where can the breakdown of individual trades be found?
