Oppenheimer Asset Management Inc. Boosts Stake in TechnipFMC plc (NYSE:FTI)

Oppenheimer Asset Management Inc. lifted its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,715 shares of the oil and gas company's stock after buying an additional 32,060 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.07% of TechnipFMC worth $8,737,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FTI. Smartleaf Asset Management LLC boosted its stake in shares of TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 1,338 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $55,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in TechnipFMC by 106.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock worth $59,000 after purchasing an additional 1,047 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $34.13 on Tuesday. The company has a market cap of $14.31 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.21 and a beta of 1.06. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. TechnipFMC plc has a 52 week low of $22.12 and a 52 week high of $35.71. The business has a fifty day simple moving average of $30.42 and a 200-day simple moving average of $29.82.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. TechnipFMC's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. Equities research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

Analysts Set New Price Targets

FTI has been the subject of several research reports. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Susquehanna reduced their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. Piper Sandler lifted their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Barclays lifted their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.46.

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.

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