Poinciana Advisors Group LLC Acquires New Shares in TechnipFMC plc $FTI

Key Points

• Poinciana Advisors Group LLC has acquired 6,345 shares of TechnipFMC plc, valued at approximately $219,000, during the 2nd quarter.
• TechnipFMC reported $0.68 EPS for the quarter, exceeding estimates and marking a revenue increase of 9% year-over-year.
• Several analysts have raised their price targets for TechnipFMC, with Barclays setting a new target at $51.00 and maintaining an "overweight" rating on the stock.

Poinciana Advisors Group LLC bought a new position in TechnipFMC plc (NYSE:FTI - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,345 shares of the oil and gas company's stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in TechnipFMC by 116.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 81,154 shares of the oil and gas company's stock valued at $2,349,000 after buying an additional 43,714 shares in the last quarter. GAMMA Investing LLC lifted its holdings in TechnipFMC by 3,925.4% in the first quarter. GAMMA Investing LLC now owns 91,457 shares of the oil and gas company's stock valued at $2,886,000 after buying an additional 89,185 shares during the period. Baker Tilly Wealth Management LLC increased its stake in TechnipFMC by 7.7% in the first quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock valued at $293,000 after purchasing an additional 657 shares in the last quarter. Merit Financial Group LLC increased its stake in TechnipFMC by 229.9% in the first quarter. Merit Financial Group LLC now owns 46,720 shares of the oil and gas company's stock valued at $1,481,000 after purchasing an additional 32,559 shares in the last quarter. Finally, Viking Fund Management LLC acquired a new position in shares of TechnipFMC in the first quarter valued at approximately $1,268,000. Institutional investors own 96.58% of the company's stock.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $39.99 on Tuesday. The company's 50-day moving average is $37.20 and its 200 day moving average is $32.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The company has a market capitalization of $16.44 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.29 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.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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. Investors of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, August 19th. TechnipFMC's dividend payout ratio is 9.43%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FTI shares. Barclays raised their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Royal Bank Of Canada raised their price target 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. Citigroup reaffirmed a "buy" rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Finally, Wall Street Zen lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.92.

Insider Activity at TechnipFMC

In other TechnipFMC news, CFO Alf Melin sold 113,760 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the transaction, the chief financial officer directly owned 241,140 shares in the company, valued at $9,310,415.40. This trade represents a 32.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thierry Conti sold 50,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.64, for a total value of $1,932,000.00. Following the sale, the insider directly owned 56,352 shares of the company's stock, valued at approximately $2,177,441.28. This trade represents a 47.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 885,984 shares of company stock valued at $34,180,811 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

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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