Universal Beteiligungs und Servicegesellschaft mbH Reduces Position in TechnipFMC plc $FTI

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH trimmed its TechnipFMC stake by 5.6% in Q4 to 374,526 shares (about $16.7 million), roughly 0.09% of the company.
• Analysts remain largely positive with a MarketBeat consensus of "Moderate Buy" and a $61.73 average target, while Citigroup, Piper Sandler and Goldman raised individual targets into the $75–$80 range.
• Significant insider selling occurred in March—including large sales by CFO Alf Melin and EVP Luana Duffe—and insiders sold 1,216,442 shares worth about $75.8 million over the past three months.

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,526 shares of the oil and gas company's stock after selling 22,056 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of TechnipFMC worth $16,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Evergreen Capital Management LLC boosted its position in TechnipFMC by 186.3% in the fourth quarter. Evergreen Capital Management LLC now owns 14,581 shares of the oil and gas company's stock worth $650,000 after purchasing an additional 9,488 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TechnipFMC by 3.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,709 shares of the oil and gas company's stock worth $5,712,000 after purchasing an additional 3,741 shares during the last quarter. Krilogy Financial LLC boosted its position in TechnipFMC by 15.7% in the fourth quarter. Krilogy Financial LLC now owns 43,121 shares of the oil and gas company's stock worth $1,921,000 after purchasing an additional 5,847 shares during the last quarter. Earned Wealth Advisors LLC boosted its position in TechnipFMC by 46.3% in the fourth quarter. Earned Wealth Advisors LLC now owns 8,518 shares of the oil and gas company's stock worth $380,000 after purchasing an additional 2,695 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in TechnipFMC in the fourth quarter worth about $941,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen cut TechnipFMC from a "buy" rating to a "hold" rating in a research report on Saturday, April 4th. Citigroup raised their target price on TechnipFMC from $48.00 to $76.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Piper Sandler raised their target price on TechnipFMC from $70.00 to $80.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 15th. The Goldman Sachs Group raised their target price on TechnipFMC from $66.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, April 15th. Finally, UBS Group set a $70.00 target price on TechnipFMC in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, TechnipFMC presently has an average rating of "Moderate Buy" and a consensus target price of $61.73.

Insider Transactions at TechnipFMC

In other news, CFO Alf Melin sold 83,721 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $61.83, for a total value of $5,176,469.43. Following the transaction, the chief financial officer owned 282,537 shares of the company's stock, valued at $17,469,262.71. This trade represents a 22.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Luana Duffe sold 47,951 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $2,993,580.93. Following the completion of the transaction, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. This trade represents a 37.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,216,442 shares of company stock valued at $75,762,414. Company insiders own 1.40% of the company's stock.

TechnipFMC Stock Up 3.3%

NYSE FTI opened at $74.86 on Friday. The stock's 50-day moving average price is $67.94 and its 200-day moving average price is $53.91. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 52 week low of $27.23 and a 52 week high of $75.52. The company has a market capitalization of $30.06 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the company earned $0.54 earnings per share. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that TechnipFMC plc will post 2.92 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's dividend payout ratio (DPR) is 8.66%.

About TechnipFMC

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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