Korea Investment CORP Makes New Investment in TechnipFMC plc $FTI

Korea Investment CORP bought a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 249,750 shares of the oil and gas company's stock, valued at approximately $16,558,000. Korea Investment CORP owned 0.06% of TechnipFMC as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of TechnipFMC during the first quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in TechnipFMC during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its stake 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 worth $35,000 after buying an additional 340 shares in the last quarter. Ascentis Independent Advisors bought a new stake in TechnipFMC during the 1st quarter valued at $37,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of TechnipFMC in the 2nd quarter valued at $37,000. Institutional investors own 96.58% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on FTI shares. Citigroup boosted their price target on TechnipFMC from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. UBS Group set a $80.00 price objective on TechnipFMC in a research report on Wednesday, June 3rd. Barclays lifted their target price on TechnipFMC from $70.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, May 8th. Weiss Ratings raised shares of TechnipFMC from a "buy (b)" rating to a "buy (a-)" rating in a research report on Thursday, August 13th. Finally, Royal Bank Of Canada raised their price target on shares of TechnipFMC from $78.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.64.

TechnipFMC Stock Performance

Shares of FTI stock opened at $77.62 on Monday. TechnipFMC plc has a 12-month low of $35.29 and a 12-month high of $80.55. The business's fifty day simple moving average is $71.14 and its 200-day simple moving average is $69.30. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market cap of $30.44 billion, a PE ratio of 26.95, a PEG ratio of 1.58 and a beta of 0.72.

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 firm had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter last year, the firm earned $0.68 EPS. The business's quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th. TechnipFMC's dividend payout ratio (DPR) is currently 6.94%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Eric D. Mullins purchased 6,365 shares of the company's stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the completion of 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

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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