Credit Agricole S A Acquires 59,281 Shares of TechnipFMC plc $FTI

Key Points

• Credit Agricole S A increased its stake in TechnipFMC plc by 170.3%, acquiring an additional 59,281 shares to bring its total holdings to 94,097 shares worth approximately $2.98 million.
• TechnipFMC reported earnings of $0.68 per share for the last quarter, exceeding analysts' expectations of $0.57 per share, with a year-over-year revenue increase of 9.0%.
• The company declared a quarterly dividend of $0.05 per share, set to be paid on September 3rd, reflecting a 0.6% yield on an annualized basis.

Credit Agricole S A increased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 170.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,097 shares of the oil and gas company's stock after purchasing an additional 59,281 shares during the period. Credit Agricole S A's holdings in TechnipFMC were worth $2,982,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in TechnipFMC in the first quarter valued at $33,000. Financial Network Wealth Advisors LLC lifted its stake in shares of 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 valued at $48,000 after acquiring an additional 346 shares during the period. Brooklyn Investment Group lifted its stake in shares of TechnipFMC by 2,216.1% during the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock valued at $68,000 after acquiring an additional 2,061 shares during the period. Quarry LP lifted its stake in TechnipFMC by 95.9% in the fourth quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after buying an additional 1,248 shares during the period. Finally, GAMMA Investing LLC lifted its stake in 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 buying an additional 614 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTI has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price target on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Barclays raised their price target on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. BTIG Research cut TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Sanford C. Bernstein cut TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target for the company. in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $38.92.

Insider Transactions at TechnipFMC

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

TechnipFMC Trading Down 0.5%

Shares of TechnipFMC stock traded down $0.20 on Tuesday, hitting $36.24. 3,696,911 shares of the company's stock traded hands, compared to its average volume of 2,831,081. TechnipFMC plc has a one year low of $22.11 and a one year high of $38.05. 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 fifty day moving average of $35.00 and a two-hundred day moving average of $31.19. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.17 and a beta of 1.04.

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

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is currently 9.43%.

TechnipFMC Company Profile

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.