TechnipFMC (NYSE:FTI) Director Sells $415,290.00 in Stock

TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar De sold 6,350 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $65.40, for a total transaction of $415,290.00. Following the sale, the director directly owned 97,860 shares in the company, valued at $6,400,044. This trade represents a 6.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

TechnipFMC Stock Performance

FTI stock opened at $66.26 on Friday. The stock has a 50-day moving average price of $54.51 and a 200-day moving average price of $45.31. TechnipFMC plc has a 1-year low of $22.11 and a 1-year high of $67.55. 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 firm has a market cap of $26.51 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69.

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

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s payout ratio is presently 8.66%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. AE Wealth Management LLC increased its stake in TechnipFMC by 38.0% in the 3rd quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after buying an additional 50,593 shares during the last quarter. Lingohr Asset Management GmbH grew its holdings in shares of TechnipFMC by 461.7% in the third quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock valued at $8,375,000 after acquiring an additional 174,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of TechnipFMC by 80.6% during the third quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock valued at $125,144,000 after acquiring an additional 1,415,621 shares during the last quarter. Rothschild Investment LLC lifted its holdings in TechnipFMC by 25,468.9% during the third quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 11,461 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in TechnipFMC by 8.4% during the third quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock worth $12,053,000 after acquiring an additional 23,600 shares during the period. Institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

FTI has been the topic of several research reports. Barclays reiterated an “overweight” rating and set a $69.00 price objective on shares of TechnipFMC in a report on Friday, February 20th. Royal Bank Of Canada upped their price target on TechnipFMC from $47.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Susquehanna raised their price objective on TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a research note on Friday, February 20th. Piper Sandler upped their target price on TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Finally, TD Cowen reiterated a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and an average target price of $57.93.

TechnipFMC Company Profile

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.