Dimensional Fund Advisors LP lowered its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,871,074 shares of the oil and gas company's stock after selling 49,855 shares during the period. Dimensional Fund Advisors LP owned 1.16% of TechnipFMC worth $154,341,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of FTI. New York State Teachers Retirement System purchased a new stake in TechnipFMC in the first quarter valued at $33,000. Financial Network Wealth Advisors LLC lifted its position 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 valued at $48,000 after acquiring an additional 346 shares during the last quarter. Quarry LP lifted its position in TechnipFMC by 95.9% in the fourth quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after acquiring an additional 1,248 shares during the last quarter. GAMMA Investing LLC lifted its position 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 valued at $91,000 after acquiring an additional 614 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position 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 valued at $92,000 after acquiring an additional 2,219 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.
Wall Street Analyst Weigh In
FTI has been the subject of a number of research reports. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Citigroup reissued a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Susquehanna upped their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Evercore ISI upped their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $38.92.
Get Our Latest Report on TechnipFMC
Insider Activity at TechnipFMC
In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
TechnipFMC Price Performance
FTI traded up $0.3350 on Monday, hitting $36.4550. 1,017,670 shares of the company were exchanged, compared to its average volume of 4,319,441. 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 business's fifty day moving average is $34.95 and its 200 day moving average is $31.12. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $38.05. The firm has a market capitalization of $14.98 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.04.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.
TechnipFMC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be given a $0.05 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC's dividend payout ratio is currently 9.43%.
TechnipFMC Profile
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Free Report)
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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