Everpar Advisors LLC Sells 2,139 Shares of TechnipFMC plc (NYSE:FTI)

Everpar Advisors LLC decreased its holdings in TechnipFMC plc (NYSE:FTI) by 11.7% during the 1st quarter, HoldingsChannel reports. The firm owned 16,175 shares of the oil and gas company’s stock after selling 2,139 shares during the quarter. Everpar Advisors LLC’s holdings in TechnipFMC were worth $513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of TechnipFMC during the 4th quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of TechnipFMC during the 4th quarter valued at $46,000. EverSource Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 563 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Sanford C. Bernstein downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Thursday, May 22nd. Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Piper Sandler raised their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.46.

TechnipFMC Stock Down 0.4%

Shares of FTI opened at $34.53 on Friday. The company has a market capitalization of $14.48 billion, a PE ratio of 22.72 and a beta of 1.06. TechnipFMC plc has a 12 month low of $22.12 and a 12 month high of $35.27. The stock’s 50-day moving average price is $29.23 and its two-hundred day moving average price is $29.68. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.58%. TechnipFMC’s dividend payout ratio is currently 10.53%.

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.