TotalEnergies SE: Disclosure of Transactions in Own Shares
- None.
- None.
Insights
The share repurchase program executed by TotalEnergies SE indicates a strategic move to manage capital allocation and signal confidence in the company's intrinsic value. Share buybacks typically suggest that the company believes its shares are undervalued and represent a good investment. From a financial perspective, reducing the number of shares outstanding can also improve earnings per share (EPS) metrics, potentially making the stock more attractive to investors.
Furthermore, the timing and scale of the transactions are important. The repurchases were conducted over a short period and the total volume of shares bought back is substantial. This could be indicative of TotalEnergies' commitment to returning value to shareholders and could be seen as a positive signal in the market. It's also worth noting that the transactions were conducted across several markets (XPAR, CEUX, TQEX, AQEU), which demonstrates the company's approach to liquidity and price optimization.
From a market research standpoint, TotalEnergies SE's share repurchase activity should be analyzed in the context of the current energy sector dynamics. The energy sector is influenced by a variety of factors such as oil prices, regulatory changes and geopolitical events. These repurchases may reflect the company's resilience and ability to generate cash flow even in a volatile market.
It is also essential to consider how this share buyback compares with industry norms and competitors' activities. If TotalEnergies is more active in repurchasing shares compared to its peers, it might be attempting to distinguish itself as a more shareholder-friendly company. This could have implications for investor perception and the company's relative market positioning.
An economist might evaluate the broader economic implications of such a share repurchase program. In a low interest rate environment, companies often find it cheaper to finance share buybacks through debt. This can be a double-edged sword; while it can lead to higher shareholder returns in the short term, it can also increase the company's leverage and financial risk profile.
Additionally, the share repurchase announcement can impact investor sentiment and stock market performance, potentially leading to a short-term uplift in the company's share price. However, the long-term effects depend on the company's future performance and the overall health of the economy. If the repurchases are part of a strategic plan to optimize capital structure and invest in growth opportunities, it could have a favorable impact on the company's valuation and the broader stock market.
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 29 to February 2, 2024:
Transaction Date |
Total daily volume
|
Daily weighted
|
Amount of
|
Market (MIC Code) |
29/01/2024 |
207,958 |
60.602010 |
12,602,672.80 |
XPAR |
29/01/2024 |
195,000 |
60.431093 |
11,784,063.14 |
CEUX |
29/01/2024 |
60,000 |
60.391571 |
3,623,494.26 |
TQEX |
29/01/2024 |
35,000 |
60.515945 |
2,118,058.08 |
AQEU |
30/01/2024 |
281,431 |
60.360887 |
16,987,424.79 |
XPAR |
30/01/2024 |
141,000 |
60.259273 |
8,496,557.49 |
CEUX |
30/01/2024 |
39,000 |
60.266084 |
2,350,377.28 |
TQEX |
30/01/2024 |
37,000 |
60.269715 |
2,229,979.46 |
AQEU |
31/01/2024 |
204,187 |
60.670014 |
12,388,028.15 |
XPAR |
31/01/2024 |
204,726 |
60.595237 |
12,405,420.49 |
CEUX |
31/01/2024 |
42,558 |
60.609903 |
2,579,436.25 |
TQEX |
31/01/2024 |
44,818 |
60.610442 |
2,716,438.79 |
AQEU |
01/02/2024 |
342,430 |
60.588292 |
20,747,248.83 |
XPAR |
01/02/2024 |
111,500 |
60.491083 |
6,744,755.75 |
CEUX |
01/02/2024 |
22,000 |
60.476267 |
1,330,477.87 |
TQEX |
01/02/2024 |
22,000 |
60.494238 |
1,330,873.24 |
AQEU |
02/02/2024 |
270,278 |
59.862868 |
16,179,616.24 |
XPAR |
02/02/2024 |
165,000 |
59.791086 |
9,865,529.19 |
CEUX |
02/02/2024 |
33,500 |
59.793495 |
2,003,082.08 |
TQEX |
02/02/2024 |
32,000 |
59.812010 |
1,913,984.32 |
AQEU |
Total |
2,491,386 |
60.367008 |
150,397,518.48 |
|
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 l TotalEnergies l TotalEnergies l 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).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240205055418/en/
TotalEnergies Contacts
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
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