Krilogy Financial LLC Takes Position in TechnipFMC plc $FTI

Key Points

• Krilogy Financial LLC acquired 15,010 shares of TechnipFMC plc, valued at approximately $517,000, during the second quarter.
• TechnipFMC reported a Q2 earnings per share (EPS) of $0.68, beating the consensus estimate of $0.57, with a revenue increase of 9.0% year-over-year.
• The company announced a quarterly dividend of $0.05 per share, resulting in an annualized yield of 0.5%, with a low dividend payout ratio of 9.43%.

Krilogy Financial LLC purchased a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,010 shares of the oil and gas company's stock, valued at approximately $517,000.

A number of other large investors have also recently added to or reduced their stakes in FTI. AQR Capital Management LLC increased its stake in TechnipFMC by 111.4% during the first quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company's stock worth $273,078,000 after acquiring an additional 4,602,939 shares during the last quarter. Boston Partners lifted its stake in shares of TechnipFMC by 648.3% in the 1st quarter. Boston Partners now owns 2,630,793 shares of the oil and gas company's stock valued at $83,281,000 after purchasing an additional 2,279,247 shares during the last quarter. Nuveen LLC purchased a new position in shares of TechnipFMC during the 1st quarter worth $64,217,000. Encompass Capital Advisors LLC acquired a new stake in shares of TechnipFMC during the 1st quarter worth about $47,535,000. Finally, Ameriprise Financial Inc. raised its holdings in TechnipFMC by 9.0% in the 1st quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock valued at $571,583,000 after buying an additional 1,492,746 shares during the period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the 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 transaction, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Stock Performance

Shares of NYSE FTI traded up $0.16 during trading hours on Friday, reaching $39.39. The stock had a trading volume of 12,330,290 shares, compared to its average volume of 4,786,190. The firm has a market cap of $16.19 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.26 and a beta of 1.10. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $41.29. The firm has a 50-day moving average of $36.34 and a 200-day moving average of $32.23. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

TechnipFMC (NYSE:FTI - Get Free Report) last posted 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. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is currently 9.43%.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of research analyst reports. Susquehanna boosted their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Citigroup reissued a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Evercore ISI boosted their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Barclays raised their target price on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.92.

About TechnipFMC

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.