TechnipFMC plc (NYSE:FTI) Shares Bought by Vestor Capital LLC

Vestor Capital LLC grew its position in TechnipFMC plc (NYSE:FTI - Free Report) by 1,052.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,353 shares of the oil and gas company's stock after acquiring an additional 51,465 shares during the period. Vestor Capital LLC's holdings in TechnipFMC were worth $1,786,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of TechnipFMC by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock worth $46,360,000 after acquiring an additional 8,823 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of TechnipFMC during the 1st quarter worth about $205,000. Stephens Investment Management Group LLC raised its position in shares of TechnipFMC by 0.8% during the 1st quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company's stock worth $109,001,000 after purchasing an additional 27,884 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC during the 1st quarter worth about $33,000. Finally, Farther Finance Advisors LLC raised its position in shares of TechnipFMC by 346.7% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Trading Down 2.8%

Shares of NYSE:FTI traded down $1.07 during mid-day trading on Friday, reaching $36.48. 5,815,883 shares of the company were exchanged, compared to its average volume of 4,568,431. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.10 and a quick ratio of 0.84. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.27 and a beta of 1.07. The firm's 50-day simple moving average is $33.36 and its 200 day simple moving average is $30.57. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Equities research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.55%. TechnipFMC's dividend payout ratio is currently 9.43%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FTI. Royal Bank Of Canada upped 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. Evercore ISI upped their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup restated a "buy" rating and set a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Susquehanna upped their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Company 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.