Vise Technologies Inc. Takes Position in TechnipFMC plc $FTI

Vise Technologies Inc. purchased a new position in TechnipFMC plc (NYSE:FTI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,930 shares of the oil and gas company’s stock, valued at approximately $2,183,000.

Several other institutional investors also recently added to or reduced their stakes in FTI. V Square Quantitative Management LLC bought a new position in TechnipFMC in the 1st quarter worth about $26,000. Ascentis Independent Advisors bought a new stake in shares of TechnipFMC during the first quarter valued at approximately $37,000. First Pacific Financial purchased a new stake in shares of TechnipFMC in the first quarter valued at approximately $52,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of TechnipFMC in the third quarter valued at approximately $32,000. Finally, Summit Securities Group LLC bought a new position in TechnipFMC in the first quarter worth approximately $60,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of FTI stock opened at $77.62 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. TechnipFMC plc has a 1 year low of $35.29 and a 1 year high of $80.55. The firm has a market capitalization of $30.44 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.72. The business has a fifty day moving average of $71.14 and a 200 day moving average of $69.21.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.TechnipFMC’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, research analysts expect that TechnipFMC plc will post 3.09 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 18th. 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 6.94%.

Insider Activity

In related news, Director Eric D. Mullins bought 6,365 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $78.55 per share, with a total value of $499,970.75. Following the completion of the acquisition, the director directly owned 8,070 shares in the company, valued at approximately $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FTI has been the subject of a number of research analyst reports. Evercore reaffirmed an “outperform” rating and set a $83.00 target price on shares of TechnipFMC in a research report on Friday, May 1st. Citigroup increased their price target on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Barclays lifted their price objective on TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Royal Bank Of Canada upped their price objective on shares of TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, UBS Group set a $80.00 price target on shares of TechnipFMC in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

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.