ADAR1 Capital Management LLC Takes $195,000 Position in TechnipFMC plc $FTI

ADAR1 Capital Management LLC acquired a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the oil and gas company's stock, valued at approximately $195,000.

Other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in shares of TechnipFMC in the 1st quarter worth approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of TechnipFMC in the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. boosted its stake in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 340 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in TechnipFMC in the 1st quarter worth approximately $37,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in TechnipFMC during the 2nd quarter worth approximately $37,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FTI shares. Royal Bank Of Canada upped their target price on TechnipFMC from $78.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, May 1st. UBS Group set a $80.00 price objective on TechnipFMC in a report on Wednesday, June 3rd. Barclays lifted their target price on TechnipFMC from $70.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.64.

TechnipFMC Price Performance

Shares of FTI stock opened at $75.71 on Thursday. TechnipFMC plc has a 12 month low of $35.29 and a 12 month high of $80.55. The company has a market capitalization of $29.69 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. The firm's 50-day moving average is $71.62 and its two-hundred day moving average is $69.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same period last year, the business earned $0.68 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. Analysts predict that TechnipFMC plc will post 3.09 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th. TechnipFMC's dividend payout ratio is 6.94%.

Insider Activity

In other news, Director Eric D. Mullins purchased 6,365 shares of the business's stock in a transaction on Friday, August 14th. The shares were bought at an average price of $78.55 per share, with a total value of $499,970.75. Following the completion of the transaction, the director directly owned 8,070 shares in the company, valued at approximately $633,898.50. This represents a 373.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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