Future Fund LLC Acquires Shares of 111,186 TechnipFMC plc $FTI

Future Fund LLC acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 111,186 shares of the oil and gas company’s stock, valued at approximately $4,954,000. TechnipFMC comprises 1.7% of Future Fund LLC’s portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Independent Advisor Alliance raised its stake in TechnipFMC by 0.3% during the 4th quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock valued at $2,730,000 after acquiring an additional 184 shares during the last quarter. Personal CFO Solutions LLC raised its stake in TechnipFMC by 3.0% during the 4th quarter. Personal CFO Solutions LLC now owns 7,759 shares of the oil and gas company’s stock valued at $346,000 after acquiring an additional 225 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in TechnipFMC by 5.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,266 shares of the oil and gas company’s stock valued at $235,000 after acquiring an additional 262 shares during the last quarter. Geneos Wealth Management Inc. raised its stake 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 valued at $35,000 after acquiring an additional 340 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in shares of TechnipFMC by 8.6% during the 4th quarter. True Wealth Design LLC now owns 4,495 shares of the oil and gas company’s stock worth $200,000 after buying an additional 357 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FTI. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group increased their target price on TechnipFMC from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. BMO Capital Markets increased their target price on TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. Citigroup increased their target price on TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, UBS Group set a $70.00 target price on TechnipFMC in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, TechnipFMC currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

TechnipFMC Stock Performance

FTI opened at $68.16 on Friday. The stock has a market cap of $27.17 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $71.64 and its 200 day simple moving average is $59.37. TechnipFMC plc has a 1-year low of $30.64 and a 1-year high of $77.78.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. As a group, equities analysts anticipate that TechnipFMC plc will post 2.98 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio is currently 7.63%.

Insiders Place Their Bets

In related news, EVP Luana Duffe sold 47,951 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $2,993,580.93. Following the sale, the executive vice president owned 78,871 shares in the company, valued at $4,923,916.53. This represents a 37.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alf Melin sold 43,554 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $63.13, for a total value of $2,749,564.02. Following the completion of the sale, the chief financial officer owned 238,983 shares in the company, valued at approximately $15,086,996.79. This represents a 15.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,210,092 shares of company stock worth $75,347,124. 1.40% of the stock is owned by insiders.

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.