Insider Selling: TechnipFMC (NYSE:FTI) Director Sells 6,350 Shares of Stock

TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar De sold 6,350 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total transaction of $415,290.00. Following the completion of the sale, the director owned 97,860 shares of the company’s stock, valued at $6,400,044. The trade was a 6.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

TechnipFMC Stock Performance

FTI traded up $0.72 during trading on Wednesday, hitting $66.12. The stock had a trading volume of 3,678,969 shares, compared to its average volume of 3,816,521. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $66.41. The company has a 50 day simple moving average of $53.17 and a 200-day simple moving average of $44.78. The firm has a market cap of $26.45 billion, a PE ratio of 28.62, a P/E/G ratio of 1.23 and a beta of 0.69.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently made changes to their positions in the company. Focus Partners Wealth boosted its position in TechnipFMC by 27.2% in the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock valued at $764,000 after buying an additional 5,161 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% in the 1st 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 in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of TechnipFMC by 76.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after acquiring an additional 6,381 shares in the last quarter. Ethic Inc. bought a new stake in TechnipFMC during the 2nd quarter worth approximately $847,000. Finally, Brighton Jones LLC bought a new position in TechnipFMC in the 2nd quarter valued at $1,233,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FTI. Citigroup boosted their price objective on shares of TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Piper Sandler lifted their target price on TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Susquehanna upped their price target on TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a report on Friday, February 20th. Barclays reiterated an “overweight” rating and issued a $69.00 price objective on shares of TechnipFMC in a research report on Friday, February 20th. Finally, Royal Bank Of Canada boosted their price objective on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.93.

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.