TechnipFMC plc (NYSE:FTI) Shares Bought by Cwm LLC

CWM LLC lifted its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 68.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,633 shares of the oil and gas company's stock after purchasing an additional 56,034 shares during the period. CWM LLC's holdings in TechnipFMC were worth $4,362,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in TechnipFMC in the first quarter valued at $33,000. EverSource Wealth Advisors LLC lifted its position in TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the last quarter. Westpac Banking Corp purchased a new stake in TechnipFMC in the fourth quarter valued at $55,000. Steward Partners Investment Advisory LLC lifted its position in TechnipFMC by 106.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock valued at $59,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Quarry LP lifted its position 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 acquiring an additional 1,248 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

Shares of TechnipFMC stock traded up $0.08 on Friday, reaching $32.75. 6,363,105 shares of the stock were exchanged, compared to its average volume of 4,139,236. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $35.86. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $32.98 and a two-hundred day moving average price of $30.42. The firm has a market capitalization of $13.73 billion, a PE ratio of 17.24, a PEG ratio of 1.11 and a beta of 1.07.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FTI shares. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday. Royal Bank Of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Citigroup reaffirmed a "buy" rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Wall Street Zen cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.31.

TechnipFMC 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.