Oppenheimer Asset Management Inc. Grows Position in TechnipFMC plc (NYSE:FTI)

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

Several other large investors have also recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC during the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its holdings in shares of TechnipFMC by 55.2% in the 4th 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. EverSource Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 393.5% in the 4th 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 position in shares of TechnipFMC in the 4th quarter worth approximately $55,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of TechnipFMC by 106.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock worth $59,000 after acquiring an additional 1,047 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Performance

FTI traded down $0.38 during trading on Friday, reaching $34.57. 8,073,802 shares of the company's stock were exchanged, compared to its average volume of 4,105,773. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $35.71. The company's fifty day simple moving average is $30.97 and its 200-day simple moving average is $29.91. The stock has a market capitalization of $14.49 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.06.

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

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders 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 0.58%. TechnipFMC's payout ratio is currently 10.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FTI shares. Sanford C. Bernstein downgraded shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research note on Thursday, May 22nd. Susquehanna decreased 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. Piper Sandler raised their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Barclays boosted their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and an average price target 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.