Bayforest Capital Ltd Invests $1.19 Million in TechnipFMC plc $FTI

Bayforest Capital Ltd bought a new position in TechnipFMC plc (NYSE:FTI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,463 shares of the oil and gas company’s stock, valued at approximately $1,187,000. TechnipFMC comprises 0.5% of Bayforest Capital Ltd’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC in the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its stake in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the period. Financial Network Wealth Advisors LLC increased its stake in shares of TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 346 shares during the period. Brooklyn Investment Group increased its stake in shares of TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 2,061 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its stake in shares of TechnipFMC by 67.2% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 1,048 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of FTI opened at $36.09 on Tuesday. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $41.29. The business’s fifty day moving average is $37.60 and its 200 day moving average is $33.53. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market cap of $14.83 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.15 and a beta of 1.04.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $0.43 EPS. The business’s revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. TechnipFMC’s dividend payout ratio (DPR) is currently 9.43%.

Insiders Place Their Bets

In related news, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the sale, the insider owned 56,352 shares of the company’s stock, valued at approximately $2,177,441.28. This trade represents a 47.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the transaction, the director directly owned 62,978 shares of the company’s stock, valued at $2,337,743.36. The trade was a 12.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FTI. Citigroup reaffirmed a “buy” rating and issued a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a research report on Wednesday, October 8th. Susquehanna increased their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, July 25th. Finally, BNP Paribas set a $47.00 price objective on shares of TechnipFMC and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.93.

TechnipFMC Company 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.