Asset Management One Co. Ltd. purchased a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,632 shares of the oil and gas company's stock, valued at approximately $833,000.
Other large investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of TechnipFMC by 5,475.0% during the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 657 shares during the period. Harbor Investment Advisory LLC acquired a new position in TechnipFMC in the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC in the third quarter valued at $32,000. Geneos Wealth Management Inc. boosted its holdings in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 340 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in TechnipFMC in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 96.58% of the company's stock.
TechnipFMC Trading Up 0.3%
NYSE:FTI opened at $72.42 on Friday. The business's 50-day moving average is $67.67 and its two-hundred day moving average is $53.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. TechnipFMC plc has a 12 month low of $25.70 and a 12 month high of $75.52. The firm has a market capitalization of $29.08 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71.
TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.51 by $0.19. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Research analysts predict that TechnipFMC plc will post 2.92 earnings per share for the current fiscal year.
TechnipFMC Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's dividend payout ratio (DPR) is currently 8.66%.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. TD Cowen reiterated a "buy" rating on shares of TechnipFMC in a report on Friday, February 20th. Barclays reiterated an "overweight" rating and issued a $69.00 target price on shares of TechnipFMC in a report on Friday, February 20th. The Goldman Sachs Group lifted their target price on TechnipFMC from $66.00 to $75.00 and gave the company a "buy" rating in a report on Wednesday, April 15th. BMO Capital Markets lifted their target price on TechnipFMC from $52.00 to $67.00 and gave the company a "market perform" rating in a report on Monday, February 23rd. Finally, Susquehanna lifted their target price on TechnipFMC from $82.00 to $83.00 and gave the company a "positive" rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus target price of $61.73.
Get Our Latest Stock Analysis on TechnipFMC
Insider Activity at TechnipFMC
In other news, EVP Luana Duffe sold 47,951 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the completion of the sale, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. This trade represents a 37.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David Light sold 6,622 shares of the firm's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the sale, the chief accounting officer owned 5,005 shares of the company's stock, valued at $312,462.15. This represents a 56.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is currently owned by insiders.
About TechnipFMC
(
Free Report)
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.
Further Reading
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