TechnipFMC (NYSE:FTI) Director Rousset Sophie Zurquiyah Sells 6,350 Shares

TechnipFMC plc (NYSE:FTI) Director Rousset Sophie Zurquiyah sold 6,350 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total value of $440,182.00. Following the completion of the transaction, the director directly owned 59,887 shares in the company, valued at $4,151,366.84. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.67 during trading hours on Wednesday, reaching $70.83. 3,347,448 shares of the company were exchanged, compared to its average volume of 4,123,067. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $71.49. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $60.76 and a 200 day moving average of $48.88. The firm has a market cap of $28.44 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 1.25 and a beta of 0.70.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in shares of TechnipFMC by 5,475.0% in the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 657 shares during the period. Harbor Investment Advisory LLC bought a new position in TechnipFMC during the fourth quarter valued at about $32,000. Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC in the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. raised its holdings in 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 valued at $35,000 after acquiring an additional 340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TechnipFMC in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and upped their price target for the company from $49.00 to $62.00 in a report on Friday, February 20th. TD Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Royal Bank Of Canada increased their target price on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. UBS Group set a $70.00 target price on TechnipFMC in a report on Friday, February 20th. Finally, Barclays reiterated an “overweight” rating and set a $69.00 price target on shares of TechnipFMC in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.20.

About TechnipFMC

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.