Everpar Advisors LLC Decreases Position in TechnipFMC plc (NYSE:FTI)

Everpar Advisors LLC reduced its stake in shares of TechnipFMC plc (NYSE:FTI) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,314 shares of the oil and gas company’s stock after selling 1,746 shares during the quarter. Everpar Advisors LLC’s holdings in TechnipFMC were worth $530,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTI. Blue Trust Inc. grew its position in TechnipFMC by 203.6% in the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 735 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of TechnipFMC during the third quarter worth about $30,000. GAMMA Investing LLC increased its position in shares of TechnipFMC by 59.5% during the third quarter. GAMMA Investing LLC now owns 1,858 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 693 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in shares of TechnipFMC by 1,900.0% in the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in TechnipFMC in the third quarter valued at about $56,000. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Trading Up 0.3 %

NYSE:FTI opened at $32.54 on Friday. The firm has a market capitalization of $13.84 billion, a P/E ratio of 21.41 and a beta of 1.54. The business has a 50 day simple moving average of $30.29 and a 200 day simple moving average of $27.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 12-month low of $18.50 and a 12-month high of $33.45.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.25. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts predict that TechnipFMC plc will post 1.61 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. TechnipFMC’s payout ratio is currently 13.16%.

TechnipFMC announced that its board has approved a stock repurchase plan on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada started coverage on TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 target price on the stock. The Goldman Sachs Group started coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a “buy” rating and a $38.00 price target on the stock. HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, October 29th. Barclays upped their target price on shares of TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $36.15.

TechnipFMC Company 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.