Ferguson Wellman Capital Management Inc. Invests $793,000 in TechnipFMC plc $FTI

Ferguson Wellman Capital Management Inc. bought a new stake in TechnipFMC plc (NYSE:FTI) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 11,464 shares of the oil and gas company’s stock, valued at approximately $793,000.

A number of other institutional investors have also made changes to their positions in FTI. Citizens Financial Group Inc. RI lifted its position in TechnipFMC by 71.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 14,998 shares of the oil and gas company’s stock worth $1,038,000 after buying an additional 6,270 shares in the last quarter. Fifth Third Bancorp increased its position in TechnipFMC by 28.1% in the 1st quarter. Fifth Third Bancorp now owns 17,778 shares of the oil and gas company’s stock valued at $1,229,000 after acquiring an additional 3,895 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of TechnipFMC in the first quarter worth about $60,000. Kestra Advisory Services LLC lifted its position in shares of TechnipFMC by 5.5% during the first quarter. Kestra Advisory Services LLC now owns 11,980 shares of the oil and gas company’s stock worth $828,000 after purchasing an additional 627 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of TechnipFMC by 3.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 82,973 shares of the oil and gas company’s stock worth $5,736,000 after purchasing an additional 2,610 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

TechnipFMC Trading Down 0.1%

NYSE FTI opened at $71.79 on Monday. TechnipFMC plc has a 12 month low of $31.88 and a 12 month high of $77.78. The stock has a 50-day simple moving average of $69.30 and a 200 day simple moving average of $64.30. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $28.62 billion, a PE ratio of 27.40, a P/E/G ratio of 1.53 and a beta of 0.70.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 EPS. Research analysts forecast that TechnipFMC plc will post 3.01 EPS for the current year.

TechnipFMC Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada increased their price objective on TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Weiss Ratings cut TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their target price on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.64.

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.