American Century Companies Inc. Has $98.26 Million Position in TechnipFMC plc $FTI

Key Points

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American Century Companies Inc. lowered its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 19.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,100,515 shares of the oil and gas company's stock after selling 768,927 shares during the quarter. American Century Companies Inc. owned about 0.74% of TechnipFMC worth $98,255,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC boosted its position in TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after purchasing an additional 346 shares during the period. Diversify Advisory Services LLC boosted its position in shares of TechnipFMC by 5.1% in the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock valued at $238,000 after acquiring an additional 362 shares during the period. Acuitas Investments LLC boosted its position in shares of TechnipFMC by 13.4% in the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock valued at $108,000 after acquiring an additional 400 shares during the period. KBC Group NV boosted its position in shares of TechnipFMC by 2.4% in the first quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock valued at $575,000 after acquiring an additional 429 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of TechnipFMC by 27.0% in the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock valued at $91,000 after acquiring an additional 614 shares during the period. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE FTI traded up $0.7740 during trading hours on Friday, reaching $36.0840. The stock had a trading volume of 1,701,067 shares, compared to its average volume of 4,330,563. The business's fifty day moving average is $34.92 and its two-hundred day moving average is $31.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.11 and a beta of 1.04. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.TechnipFMC's revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, research analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's dividend payout ratio is currently 9.43%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FTI has been the subject of several research reports. Royal Bank Of Canada increased their price objective on TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Susquehanna increased their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Barclays increased their price objective on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, BTIG Research cut TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $38.92.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.