TechnipFMC plc $FTI Shares Purchased by Capital World Investors

Capital World Investors increased its position in shares of TechnipFMC plc (NYSE:FTI) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,292,837 shares of the oil and gas company’s stock after buying an additional 31,167 shares during the period. Capital World Investors owned about 3.53% of TechnipFMC worth $563,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FTI. Blue Trust Inc. lifted its holdings in TechnipFMC by 5,475.0% in the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 657 shares during the period. Geneos Wealth Management Inc. raised its holdings in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares during the period. Huntington National Bank lifted its position in shares of TechnipFMC by 317.8% in the 3rd quarter. Huntington National Bank now owns 1,195 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 909 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of TechnipFMC by 476.3% in the third quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in TechnipFMC in the 3rd quarter worth about $51,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Carvalho Filho Eleazar De sold 6,350 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total value of $415,290.00. Following the transaction, the director directly owned 97,860 shares of the company’s stock, valued at $6,400,044. The trade was a 6.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

TechnipFMC Stock Up 2.3%

Shares of FTI stock opened at $64.92 on Wednesday. The company has a market capitalization of $25.97 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.17 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. The stock’s 50 day simple moving average is $57.32 and its 200 day simple moving average is $46.91. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $68.29.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business posted $0.54 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a research note on Thursday, January 22nd. TD Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Royal Bank Of Canada upped their target price on TechnipFMC from $47.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Citigroup raised their price target on TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.47.

About TechnipFMC

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.