EP Wealth Advisors LLC Invests $230,000 in TechnipFMC plc $FTI

Key Points

• EP Wealth Advisors LLC has acquired a new position in TechnipFMC plc valued at approximately $230,000, by purchasing 7,242 shares in the first quarter.
• TechnipFMC reported an EPS of $0.68 for the last quarter, beating expectations, with a revenue of $2.53 billion.
• Several analysts have raised their price targets for TechnipFMC, with Royal Bank of Canada increasing their price objective from $37.00 to $40.00 and maintaining an "outperform" rating.

EP Wealth Advisors LLC bought a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,242 shares of the oil and gas company's stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTI. Mercer Global Advisors Inc. ADV acquired a new stake in TechnipFMC during the 4th quarter valued at approximately $375,000. Bank of America Corp DE boosted its holdings in shares of TechnipFMC by 90.6% during the 4th quarter. Bank of America Corp DE now owns 2,026,516 shares of the oil and gas company's stock worth $58,647,000 after buying an additional 963,513 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of TechnipFMC by 54.0% during the 4th quarter. Captrust Financial Advisors now owns 62,731 shares of the oil and gas company's stock worth $1,815,000 after buying an additional 21,990 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of TechnipFMC by 22.3% during the 4th quarter. Cetera Investment Advisers now owns 27,328 shares of the oil and gas company's stock worth $791,000 after buying an additional 4,979 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of TechnipFMC by 132.5% during the 4th quarter. Focus Partners Wealth now owns 18,959 shares of the oil and gas company's stock worth $549,000 after buying an additional 10,806 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FTI. Susquehanna increased their price target on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Evercore ISI increased their price target on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. BTIG Research cut TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Royal Bank Of Canada increased their target price on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Finally, Citigroup reiterated 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given 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 target price of $38.92.

Insiders Place Their Bets

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 transaction of $348,222.72. Following the transaction, the director directly owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.80% of the company's stock.

TechnipFMC Stock Down 1.2%

NYSE:FTI traded down $0.47 during trading hours on Friday, hitting $39.83. 5,681,535 shares of the company traded hands, compared to its average volume of 7,086,263. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The firm's 50-day simple moving average is $36.02 and its 200-day simple moving average is $31.94. TechnipFMC plc has a one year low of $22.11 and a one year high of $41.29. The company has a market cap of $16.37 billion, a PE ratio of 18.79, a PEG ratio of 1.29 and a beta of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating 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 analysts' expectations of $2.49 billion. During the same period last year, the business earned $0.43 EPS. The business's revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Equities analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.5%. TechnipFMC's dividend payout ratio (DPR) is 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.