Benjamin Edwards Inc. Increases Position in TechnipFMC plc $FTI

Benjamin Edwards Inc. grew its position in TechnipFMC plc (NYSE:FTI - Free Report) by 39.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,856 shares of the oil and gas company's stock after purchasing an additional 13,465 shares during the quarter. Benjamin Edwards Inc.'s holdings in TechnipFMC were worth $3,173,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of TechnipFMC in the 1st quarter valued at about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in TechnipFMC during the third quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its stake in TechnipFMC by 45.3% during the first 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 during the last quarter. Ascentis Independent Advisors acquired a new position in TechnipFMC in the first quarter valued at approximately $37,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in TechnipFMC in the second quarter valued at approximately $37,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FTI shares. Jefferies Financial Group restated a "buy" rating on shares of TechnipFMC in a research report on Sunday, May 31st. Barclays increased their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. Citigroup lifted their price target on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Wall Street Zen cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, UBS Group set a $80.00 price objective on shares of TechnipFMC in a research note on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $69.64.

Insider Activity at TechnipFMC

In other news, Director Eric D. Mullins bought 6,365 shares of TechnipFMC stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the purchase, the director owned 8,070 shares of the company's stock, valued at approximately $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

TechnipFMC Stock Performance

Shares of FTI stock opened at $78.27 on Tuesday. The stock's 50-day moving average price is $72.29 and its 200 day moving average price is $70.06. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $30.69 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. TechnipFMC plc has a 52-week low of $35.29 and a 52-week high of $80.55.

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

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC's dividend payout ratio is presently 6.94%.

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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