Inceptionr LLC Buys Shares of 25,160 TechnipFMC plc $FTI

Inceptionr LLC acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,160 shares of the oil and gas company’s stock, valued at approximately $1,121,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FTI. Savvy Advisors Inc. acquired a new stake in TechnipFMC during the 3rd quarter valued at $708,000. Archford Capital Strategies LLC acquired a new stake in TechnipFMC during the 4th quarter valued at $1,691,000. Danske Bank A S acquired a new stake in TechnipFMC during the 3rd quarter valued at $52,848,000. Farther Finance Advisors LLC raised its stake in TechnipFMC by 394.3% during the 4th quarter. Farther Finance Advisors LLC now owns 11,848 shares of the oil and gas company’s stock valued at $528,000 after purchasing an additional 9,451 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in TechnipFMC during the 4th quarter valued at $833,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Up 2.5%

TechnipFMC stock opened at $70.13 on Thursday. The stock has a market cap of $27.96 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.47 and a beta of 0.69. TechnipFMC plc has a 12 month low of $31.88 and a 12 month high of $77.78. The company’s fifty day simple moving average is $71.62 and its 200-day simple moving average is $60.89. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13.

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

TechnipFMC Announces Dividend

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

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total transaction of $440,182.00. Following the completion of the sale, the director directly owned 59,887 shares in the company, valued at $4,151,366.84. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTI shares. Weiss Ratings raised shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Susquehanna boosted their price target on shares of TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and boosted their price target for the company from $49.00 to $62.00 in a report on Friday, February 20th. Finally, UBS Group set a $80.00 price target on shares of TechnipFMC in a report on Wednesday, June 3rd. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.71.

TechnipFMC 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.