Energy Income Partners LLC Has $5.18 Million Stock Position in Fluor Corporation $FLR

Energy Income Partners LLC trimmed its stake in shares of Fluor Corporation (NYSE:FLR) by 21.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,081 shares of the construction company’s stock after selling 30,114 shares during the period. Energy Income Partners LLC’s holdings in Fluor were worth $5,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC boosted its position in Fluor by 91.7% in the 4th quarter. Global Retirement Partners LLC now owns 650 shares of the construction company’s stock valued at $26,000 after buying an additional 311 shares during the last quarter. Assetmark Inc. increased its stake in shares of Fluor by 249.0% in the 4th quarter. Assetmark Inc. now owns 677 shares of the construction company’s stock valued at $27,000 after buying an additional 483 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Fluor during the fourth quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Fluor by 6,116.7% during the third quarter. Larson Financial Group LLC now owns 746 shares of the construction company’s stock valued at $31,000 after acquiring an additional 734 shares during the period. Finally, Banque Cantonale Vaudoise bought a new position in Fluor in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 88.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Fluor from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Robert W. Baird increased their price objective on shares of Fluor from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Citigroup reduced their price objective on shares of Fluor from $61.00 to $56.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered shares of Fluor from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings raised Fluor from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.20.

Fluor Price Performance

Shares of FLR opened at $51.60 on Tuesday. The stock has a 50 day simple moving average of $49.83 and a 200 day simple moving average of $48.12. Fluor Corporation has a 52-week low of $37.62 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $7.21 billion, a PE ratio of 30.00, a P/E/G ratio of 1.65 and a beta of 1.23.

Fluor (NYSE:FLR) last announced its earnings results on Friday, May 8th. The construction company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.52). The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.89 billion. Fluor had a return on equity of 5.90% and a net margin of 2.30%.Fluor’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. Sell-side analysts predict that Fluor Corporation will post 2.63 EPS for the current fiscal year.

Fluor Profile

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that provides integrated solutions across the energy, chemicals, mining, clean energy, infrastructure and government services markets. The company’s core offerings include engineering, procurement, fabrication, construction, maintenance and project management services, with capabilities spanning feasibility studies, detailed design and turnkey delivery. Fluor’s diversified portfolio encompasses conventional oil and gas facilities, liquefied natural gas (LNG) plants, petrochemical facilities, power generation projects, transportation infrastructure and federal government programs.

Founded in 1912 by John Simon Fluor as the Fluor Construction Company in Pomona, California, the firm has grown into an industry leader headquartered in Irving, Texas.