Perbak Capital Partners LLP Acquires Shares of 11,594 TechnipFMC plc $FTI

Key Points

• Perbak Capital Partners LLP acquired a stake in TechnipFMC plc, purchasing 11,594 shares valued at approximately $367,000 in the first quarter.
• TechnipFMC reported earnings of $0.68 per share, exceeding estimates, with a revenue of $2.53 billion for the quarter, representing a year-over-year increase of 9.0%.
• The company recently declared a quarterly dividend of $0.05 per share, with the ex-dividend date set for August 19th, reflecting a dividend yield of 0.5%.

Perbak Capital Partners LLP 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,594 shares of the oil and gas company's stock, valued at approximately $367,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in TechnipFMC during the 1st quarter valued at approximately $33,000. Financial Network Wealth Advisors LLC raised its holdings in TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after purchasing an additional 346 shares in the last quarter. Brooklyn Investment Group raised its holdings in TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 2,061 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in TechnipFMC by 346.7% in the first quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock worth $92,000 after purchasing an additional 2,219 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in TechnipFMC by 27.0% in the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after purchasing an additional 614 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

NYSE:FTI traded down $0.75 on Friday, hitting $38.90. The stock had a trading volume of 9,196,298 shares, compared to its average volume of 3,136,226. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. 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 business's 50-day simple moving average is $35.49 and its two-hundred day simple moving average is $31.57. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $39.85.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, research 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. Stockholders of record on Tuesday, August 19th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC's payout ratio is presently 9.43%.

Insider Buying and Selling at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction that occurred 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 transaction, the director directly owned 62,978 shares of the company's stock, valued at approximately $2,337,743.36. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FTI shares. Citigroup restated a "buy" rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Sanford C. Bernstein cut TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research report on Thursday, May 22nd. Susquehanna upped their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Evercore ISI upped their price objective on TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $38.92.

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.