Empowered Funds LLC Buys New Shares in TechnipFMC plc $FTI

Empowered Funds LLC purchased a new position in TechnipFMC plc (NYSE:FTI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 229,773 shares of the oil and gas company’s stock, valued at approximately $7,282,000. Empowered Funds LLC owned about 0.05% of TechnipFMC at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FTI. New York State Teachers Retirement System bought a new stake in shares of TechnipFMC in the first quarter valued at about $33,000. Financial Network Wealth Advisors LLC raised its holdings in TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 346 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock worth $68,000 after acquiring an additional 2,061 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 2,219 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of TechnipFMC by 27.0% during the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock valued at $91,000 after purchasing an additional 614 shares during the period. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FTI. Royal Bank Of Canada raised their target price on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Citigroup reissued a “buy” rating and issued a $41.00 target price (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Sanford C. Bernstein lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price target for the company. in a research report on Thursday, May 22nd. Finally, Barclays lifted their price objective on TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, TechnipFMC currently has a consensus rating of “Moderate Buy” and an average price target of $38.92.

Insider Activity at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the sale, the director directly owned 62,978 shares of the company’s stock, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

TechnipFMC Price Performance

Shares of FTI stock opened at $40.89 on Thursday. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $41.19. The stock has a market capitalization of $16.81 billion, a PE ratio of 19.29, a PEG ratio of 1.27 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The stock’s fifty day moving average is $35.82 and its 200-day moving average is $31.77.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.5%. TechnipFMC’s dividend payout ratio is currently 9.43%.

TechnipFMC 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.