Carvalho Filho Eleazar De Sells 6,350 Shares of TechnipFMC (NYSE:FTI) Stock

TechnipFMC plc (NYSE:FTI) Director Carvalho Filho Eleazar De sold 6,350 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total transaction of $415,290.00. Following the transaction, the director owned 97,860 shares in the company, valued at approximately $6,400,044. This trade represents a 6.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

TechnipFMC Price Performance

Shares of NYSE FTI traded up $0.72 during trading on Wednesday, reaching $66.12. The company had a trading volume of 3,678,969 shares, compared to its average volume of 3,816,521. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $66.41. The business’s 50 day moving average price is $53.17 and its 200-day moving average price is $44.78. The stock has a market cap of $26.45 billion, a PE ratio of 28.62, a PEG ratio of 1.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. TechnipFMC’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 EPS. Analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is currently 8.66%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTI. Jefferies Financial Group upped their target price on shares of TechnipFMC from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Barclays restated an “overweight” rating and issued a $69.00 price objective on shares of TechnipFMC in a report on Friday, February 20th. BMO Capital Markets increased their price target on TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.93.

Hedge Funds Weigh In On TechnipFMC

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in TechnipFMC by 5,475.0% during the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after buying an additional 657 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of TechnipFMC in the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of TechnipFMC during the third quarter worth $32,000. Geneos Wealth Management Inc. increased its position in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TechnipFMC during the fourth quarter worth $41,000. Institutional investors own 96.58% of the company’s stock.

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.