Archford Capital Strategies LLC Sells 14,703 Shares of TechnipFMC plc $FTI

Archford Capital Strategies LLC decreased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 42.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,738 shares of the oil and gas company's stock after selling 14,703 shares during the quarter. Archford Capital Strategies LLC's holdings in TechnipFMC were worth $1,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of TechnipFMC in the first quarter worth approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of TechnipFMC during the 3rd quarter valued at $32,000. Coppell Advisory Solutions LLC purchased a new position in shares of TechnipFMC during the 2nd quarter valued at $35,000. Geneos Wealth Management Inc. boosted its holdings 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 buying an additional 340 shares during the period. Finally, Ascentis Independent Advisors purchased a new stake in TechnipFMC in the 1st quarter worth $37,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Down 0.3%

NYSE FTI opened at $77.94 on Thursday. The stock has a 50 day moving average price of $74.18 and a 200-day moving average price of $70.92. TechnipFMC plc has a one year low of $35.29 and a one year high of $80.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. The company has a market capitalization of $30.56 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.56 and a beta of 0.74.

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, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. TechnipFMC's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. As a group, equities analysts predict that TechnipFMC plc will post 3.17 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were issued a $0.05 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC's payout ratio is 6.94%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FTI shares. Wall Street Zen cut TechnipFMC from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Citigroup boosted their price target on TechnipFMC from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, June 18th. The Goldman Sachs Group restated a "buy" rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Susquehanna cut their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a "positive" rating for the company in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of TechnipFMC in a research report on Sunday, May 31st. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $69.64.

Insider Buying and Selling at TechnipFMC

In related news, Director Eric Mullins bought 6,365 shares of the business's stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $78.55 per share, with a total value of $499,970.75. Following the transaction, the director owned 8,070 shares in the company, valued at $633,898.50. This trade represents a 373.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company's stock.

TechnipFMC Company Profile

TechnipFMC plc NYSE: FTI is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.