Brown Advisory Inc. reduced its position in TechnipFMC plc (NYSE:FTI - Free Report) by 71.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,840 shares of the oil and gas company's stock after selling 45,449 shares during the quarter. Brown Advisory Inc.'s holdings in TechnipFMC were worth $565,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in FTI. New York State Teachers Retirement System purchased a new position in shares of TechnipFMC during the 1st quarter worth $33,000. EverSource Wealth Advisors LLC boosted its holdings in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the period. Westpac Banking Corp acquired a new stake in TechnipFMC in the 4th quarter valued at about $55,000. Steward Partners Investment Advisory LLC raised its position in TechnipFMC by 106.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock valued at $59,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Quarry LP raised its position in TechnipFMC by 95.9% in the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock valued at $74,000 after purchasing an additional 1,248 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Susquehanna lifted their price target on TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada reissued an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Barclays boosted their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.31.
Read Our Latest Analysis on TechnipFMC
TechnipFMC Stock Performance
FTI traded down $0.19 during trading hours on Friday, hitting $32.48. The company's stock had a trading volume of 2,498,670 shares, compared to its average volume of 4,124,170. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $35.86. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $13.62 billion, a PE ratio of 17.09, a PEG ratio of 1.11 and a beta of 1.07. The company has a 50-day simple moving average of $32.98 and a 200 day simple moving average of $30.42.
TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.
TechnipFMC Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.
About TechnipFMC
(
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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