Capital World Investors Purchases 25,807 Shares of TechnipFMC plc $FTI

Capital World Investors increased its position in shares of TechnipFMC plc (NYSE:FTI) by 0.2% in the 4th quarter, HoldingsChannel reports. The firm owned 14,318,644 shares of the oil and gas company’s stock after acquiring an additional 25,807 shares during the quarter. Capital World Investors’ holdings in TechnipFMC were worth $638,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FTI. Harbor Investment Advisory LLC bought a new position in shares of TechnipFMC in the fourth quarter worth about $32,000. Newbridge Financial Services Group Inc. bought a new position in shares of TechnipFMC in the third quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TechnipFMC in the fourth quarter worth about $41,000. Torren Management LLC bought a new position in shares of TechnipFMC in the fourth quarter worth about $45,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Susquehanna increased their target price on shares of TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a report on Friday, May 1st. UBS Group set a $80.00 target price on shares of TechnipFMC in a report on Wednesday. Weiss Ratings raised shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Zacks Research cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Barclays increased their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.71.

TechnipFMC Stock Down 0.1%

Shares of NYSE FTI opened at $66.76 on Monday. The company has a 50 day simple moving average of $71.66 and a 200 day simple moving average of $60.36. The firm has a market cap of $26.62 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.44 and a beta of 0.69. TechnipFMC plc has a 1 year low of $31.88 and a 1 year high of $77.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. On average, research analysts forecast that TechnipFMC plc will post 2.98 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, May 19th. TechnipFMC’s dividend payout ratio (DPR) is 7.63%.

Insider Buying and Selling

In related news, CFO Alf Melin sold 43,554 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total value of $2,749,564.02. Following the completion of the transaction, the chief financial officer owned 238,983 shares in the company, valued at $15,086,996.79. This trade represents a 15.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total transaction of $440,182.00. Following the sale, the director directly owned 59,887 shares of the company’s stock, valued at $4,151,366.84. This represents a 9.59% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is owned by company insiders.

TechnipFMC 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.