Insider Selling: TechnipFMC plc (NYSE:FTI) Director Sells 9,381 Shares of Stock

Key Points

• Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC at an average price of $37.12, resulting in a transaction value of $348,222.72, which decreased their ownership stake by 12.96%.
• TechnipFMC reported a quarterly EPS of $0.68, exceeding analyst expectations of $0.57, and achieved revenues of $2.53 billion, up 9.0% year-over-year.
• The company declared a quarterly dividend of $0.05 per share, with an annualized yield of 0.54%, and has a current dividend payout ratio of 9.43%.

TechnipFMC plc (NYSE:FTI - Get Free Report) Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction 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 of the company's stock, valued at $2,337,743.36. This represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

TechnipFMC Price Performance

Shares of NYSE FTI traded up $0.38 during midday trading on Monday, reaching $36.83. 4,133,915 shares of the stock traded hands, compared to its average volume of 4,440,138. TechnipFMC plc has a one year low of $22.11 and a one year high of $38.05. The stock has a market capitalization of $15.44 billion, a PE ratio of 17.37, a P/E/G ratio of 1.22 and a beta of 1.07. The company's 50 day moving average is $33.47 and its 200 day moving average is $30.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 EPS 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 during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. TechnipFMC's quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's dividend payout ratio (DPR) is presently 9.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System raised its position in shares of TechnipFMC by 82.5% in the 2nd quarter. New York State Teachers Retirement System now owns 1,927 shares of the oil and gas company's stock worth $66,000 after acquiring an additional 871 shares in the last quarter. Bayforest Capital Ltd bought a new position in TechnipFMC in the second quarter worth about $1,187,000. NorthRock Partners LLC purchased a new stake in shares of TechnipFMC during the second quarter valued at about $220,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of TechnipFMC by 2.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 31,335 shares of the oil and gas company's stock valued at $1,079,000 after buying an additional 615 shares in the last quarter. Finally, CWM LLC grew its position in shares of TechnipFMC by 21.1% in the 2nd quarter. CWM LLC now owns 166,681 shares of the oil and gas company's stock worth $5,741,000 after buying an additional 29,048 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FTI has been the subject of several research reports. Citigroup reiterated a "buy" rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday. Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research report on Thursday, May 22nd. Barclays upped their price target on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Susquehanna boosted their price target on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, TechnipFMC currently 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.

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