Three Seasons Wealth LLC Invests $2.11 Million in TechnipFMC plc $FTI

Key Points

• Three Seasons Wealth acquired 31,843 TechnipFMC shares worth approximately $2.11 million in the second quarter. Institutional investors collectively own 96.58% of the company.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $69.64.
• TechnipFMC reported quarterly EPS of $0.91, beating estimates of $0.80, while revenue rose 9% year over year to $2.76 billion. Director Eric Mullins also purchased nearly $500,000 of company stock in August.

Three Seasons Wealth LLC acquired a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,843 shares of the oil and gas company's stock, valued at approximately $2,111,000.

Other institutional investors also recently modified their holdings of the company. ANB Bank raised its holdings in shares of TechnipFMC by 3.4% in the 1st quarter. ANB Bank now owns 4,903 shares of the oil and gas company's stock worth $339,000 after acquiring an additional 161 shares during the last quarter. PFG Investments LLC grew its position in shares of TechnipFMC by 2.4% in the first quarter. PFG Investments LLC now owns 7,160 shares of the oil and gas company's stock valued at $495,000 after purchasing an additional 165 shares in the last quarter. Independent Advisor Alliance raised its position in shares of TechnipFMC by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company's stock worth $2,730,000 after buying an additional 184 shares in the last quarter. Evolve Private Wealth LLC lifted its holdings in shares of TechnipFMC by 0.7% during the 1st quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company's stock worth $2,411,000 after acquiring an additional 227 shares during the last quarter. Finally, Caerus Investment Advisors LLC boosted its stake in shares of TechnipFMC by 1.1% in the 1st quarter. Caerus Investment Advisors LLC now owns 24,025 shares of the oil and gas company's stock valued at $1,661,000 after purchasing an additional 259 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on FTI. The Goldman Sachs Group reiterated a "buy" rating on shares of TechnipFMC in a report on Wednesday, June 3rd. UBS Group set a $80.00 target price on shares of TechnipFMC in a research report on Wednesday, June 3rd. Citigroup upped their price objective on TechnipFMC from $76.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, June 18th. Weiss Ratings downgraded TechnipFMC from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, August 27th. Finally, Wall Street Zen cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.64.

Insider Transactions at TechnipFMC

In other news, Director Eric Mullins bought 6,365 shares of TechnipFMC stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the purchase, the director directly owned 8,070 shares of the company's stock, valued at approximately $633,898.50. The trade was a 373.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

TechnipFMC Stock Performance

FTI stock opened at $79.66 on Friday. TechnipFMC plc has a one year low of $35.29 and a one year high of $80.70. The firm has a market cap of $31.24 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. The firm has a 50-day simple moving average of $73.40 and a two-hundred day simple moving average of $70.50.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.67 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. TechnipFMC's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that TechnipFMC plc will post 3.17 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's dividend payout ratio is 6.94%.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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