TechnipFMC plc (NYSE:FTI) CAO David Light Sells 5,928 Shares

TechnipFMC plc (NYSE:FTI) CAO David Light sold 5,928 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction of $153,001.68. Following the transaction, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at $297,692.54. The transaction was disclosed in a document filed with the SEC, which is available at this link.

TechnipFMC Price Performance

Shares of FTI traded up $0.23 during trading hours on Thursday, hitting $25.93. 3,451,370 shares of the company were exchanged, compared to its average volume of 4,233,740. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 54.62 and a beta of 1.58. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. TechnipFMC plc has a fifty-two week low of $15.71 and a fifty-two week high of $27.30. The firm’s fifty day moving average is $25.63 and its 200 day moving average is $23.00.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC’s revenue was up 18.9% compared to the same quarter last year. On average, equities analysts anticipate that TechnipFMC plc will post 1.18 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Institutional Trading of TechnipFMC

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atria Investments Inc acquired a new position in TechnipFMC during the 1st quarter worth about $1,684,000. Yaupon Capital Management LP lifted its position in shares of TechnipFMC by 4,931.0% in the 1st quarter. Yaupon Capital Management LP now owns 805,305 shares of the oil and gas company’s stock worth $20,221,000 after purchasing an additional 789,298 shares during the period. First Western Trust Bank acquired a new position in shares of TechnipFMC in the 1st quarter worth approximately $207,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of TechnipFMC by 11.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 913,925 shares of the oil and gas company’s stock valued at $22,949,000 after purchasing an additional 90,971 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of TechnipFMC during the first quarter worth $1,421,000. 96.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on FTI shares. Susquehanna upped their price target on shares of TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Piper Sandler increased their target price on TechnipFMC from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Barclays upped their price objective on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Benchmark reissued a “buy” rating and set a $30.00 price target on shares of TechnipFMC in a report on Friday, April 26th. Finally, Bank of America upped their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.21.

About TechnipFMC

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.