TechnipFMC (NYSE:FTI) Stock: Insider Thierry Conti Sells 6,000 Shares

TechnipFMC plc (NYSE:FTI) insider Thierry Conti sold 6,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $71.85, for a total transaction of $431,100.00. Following the transaction, the insider owned 85,813 shares in the company, valued at approximately $6,165,664.05. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TechnipFMC Stock Down 0.5%

NYSE FTI opened at $70.87 on Friday. TechnipFMC plc has a twelve month low of $35.29 and a twelve month high of $80.70. The stock has a market cap of $27.79 billion, a PE ratio of 24.61, a PEG ratio of 1.41 and a beta of 0.74. The firm has a 50-day simple moving average of $74.74 and a 200 day simple moving average of $71.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. On average, research analysts forecast that TechnipFMC plc will post 3.17 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s payout ratio is currently 6.94%.

Institutional Trading of TechnipFMC

A number of large investors have recently bought and sold shares of the stock. ANB Bank grew its position in shares of TechnipFMC by 3.4% in the first quarter. ANB Bank now owns 4,903 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 161 shares during the last quarter. PFG Investments LLC increased its stake in shares of TechnipFMC by 2.4% during the first quarter. PFG Investments LLC now owns 7,160 shares of the oil and gas company’s stock worth $495,000 after purchasing an additional 165 shares during the period. Evolve Private Wealth LLC lifted its holdings in TechnipFMC by 0.7% during the 1st quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company’s stock worth $2,411,000 after purchasing an additional 227 shares during the last quarter. Caerus Investment Advisors LLC boosted its stake in TechnipFMC by 1.1% in the 1st quarter. Caerus Investment Advisors LLC now owns 24,025 shares of the oil and gas company’s stock valued at $1,661,000 after purchasing an additional 259 shares during the period. Finally, Rothschild Investment LLC boosted its stake in TechnipFMC by 3.2% in the 4th quarter. Rothschild Investment LLC now owns 11,869 shares of the oil and gas company’s stock valued at $529,000 after purchasing an additional 363 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. Citigroup boosted their price target on shares of TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. UBS Group set a $80.00 price objective on shares of TechnipFMC in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.