Pallas Capital Advisors LLC Has $246,000 Stock Holdings in TechnipFMC plc (NYSE:FTI)

Pallas Capital Advisors LLC boosted its stake in TechnipFMC plc (NYSE:FTI) by 5.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,901 shares of the oil and gas company’s stock after purchasing an additional 433 shares during the quarter. Pallas Capital Advisors LLC’s holdings in TechnipFMC were worth $246,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brown Advisory Inc. acquired a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $830,000. Norden Group LLC lifted its holdings in TechnipFMC by 2,899.1% in the first quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock valued at $9,514,000 after buying an additional 366,266 shares during the period. Natixis Advisors L.P. boosted its position in TechnipFMC by 198.2% during the fourth quarter. Natixis Advisors L.P. now owns 160,804 shares of the oil and gas company’s stock valued at $3,238,000 after acquiring an additional 106,884 shares during the last quarter. Vanguard Group Inc. grew its holdings in TechnipFMC by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock worth $803,888,000 after acquiring an additional 126,247 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in TechnipFMC in the first quarter worth approximately $965,000. Institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CAO David Light sold 5,928 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction of $153,001.68. Following the completion of the transaction, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at approximately $297,692.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is owned by company insiders.

Analyst Ratings Changes

FTI has been the topic of a number of research reports. Susquehanna boosted their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Barclays increased their price target on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. TD Cowen boosted their target price on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Citigroup lifted their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.38.

TechnipFMC Price Performance

Shares of NYSE:FTI traded down $1.01 during trading on Tuesday, hitting $25.92. 965,902 shares of the company’s stock were exchanged, compared to its average volume of 4,108,893. The company has a market cap of $11.17 billion, a price-to-earnings ratio of 57.31 and a beta of 1.52. The business’s 50-day simple moving average is $26.52 and its 200 day simple moving average is $25.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. TechnipFMC plc has a 52-week low of $17.74 and a 52-week high of $29.85.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. As a group, equities analysts predict that TechnipFMC plc will post 1.22 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

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.