Petrus Trust Company LTA Sells 9,268 Shares of TechnipFMC plc $FTI

Petrus Trust Company LTA reduced its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 39.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,944 shares of the oil and gas company's stock after selling 9,268 shares during the period. Petrus Trust Company LTA's holdings in TechnipFMC were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FTI. AQR Capital Management LLC grew its position in shares of TechnipFMC by 111.4% during the 1st quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company's stock valued at $273,078,000 after purchasing an additional 4,602,939 shares in the last quarter. Boston Partners grew its position in shares of TechnipFMC by 648.3% during 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 in the last quarter. Nuveen LLC purchased a new position in shares of TechnipFMC during the 1st quarter valued at $64,217,000. Encompass Capital Advisors LLC purchased a new position in shares of TechnipFMC during the 1st quarter valued at $47,535,000. Finally, Ameriprise Financial Inc. grew its position in shares of TechnipFMC by 9.0% during 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 purchasing an additional 1,492,746 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company's stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

FTI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Evercore ISI upped their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Barclays upped their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Sanford C. Bernstein lowered 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 report on Thursday, May 22nd. Finally, Royal Bank Of Canada upped their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $38.92.

TechnipFMC Trading Down 1.2%

Shares of NYSE:FTI traded down $0.47 on Friday, reaching $39.83. 5,681,535 shares of the company traded hands, compared to its average volume of 7,086,263. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $36.02 and its 200 day simple moving average is $31.97. The stock has a market capitalization of $16.37 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.29 and a beta of 1.10. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $41.29.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. TechnipFMC's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued 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 was Tuesday, August 19th. TechnipFMC's dividend payout ratio is currently 9.43%.

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.