TechnipFMC plc $FTI Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in TechnipFMC plc (NYSE:FTI) by 3,414.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 509,886 shares of the oil and gas company’s stock after buying an additional 495,378 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of TechnipFMC worth $22,721,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Focus Partners Wealth grew its position in shares of TechnipFMC by 27.2% during the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after acquiring an additional 5,161 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of TechnipFMC by 45.3% in the 1st 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 during the period. Sivia Capital Partners LLC lifted its position in TechnipFMC by 76.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock valued at $508,000 after purchasing an additional 6,381 shares during the last quarter. Creative Planning boosted its stake in TechnipFMC by 50.5% during the 2nd quarter. Creative Planning now owns 36,492 shares of the oil and gas company’s stock valued at $1,257,000 after purchasing an additional 12,240 shares during the period. Finally, Cetera Investment Advisers grew its position in TechnipFMC by 6.2% in the 2nd quarter. Cetera Investment Advisers now owns 39,386 shares of the oil and gas company’s stock worth $1,356,000 after purchasing an additional 2,296 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FTI shares. TD Cowen restated a “buy” rating on shares of TechnipFMC in a research note on Friday, February 20th. Weiss Ratings restated a “buy (b)” rating on shares of TechnipFMC in a research report on Thursday, January 22nd. Susquehanna boosted their price target on TechnipFMC from $71.00 to $82.00 and gave the stock a “positive” rating in a research report on Wednesday. Royal Bank Of Canada raised their price target on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Finally, Barclays restated an “overweight” rating and set a $69.00 price objective on shares of TechnipFMC in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

Insider Buying and Selling at TechnipFMC

In related news, insider Jonathan Landes sold 116,194 shares of TechnipFMC stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the transaction, the insider directly owned 71,356 shares of the company’s stock, valued at $4,438,343.20. The trade was a 61.95% 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. Also, CEO Douglas J. Pferdehirt sold 733,424 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.24, for a total transaction of $45,648,309.76. Following the completion of the sale, the chief executive officer directly owned 2,411,852 shares of the company’s stock, valued at $150,113,668.48. The trade was a 23.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,216,442 shares of company stock valued at $75,762,414. Corporate insiders own 1.80% of the company’s stock.

TechnipFMC Price Performance

NYSE FTI opened at $70.47 on Friday. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $71.49. The firm has a market capitalization of $28.30 billion, a PE ratio of 30.51, a P/E/G ratio of 1.30 and a beta of 0.70. The company’s 50 day simple moving average is $61.49 and its 200 day simple moving average is $49.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.19. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, equities research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders 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 dividend yield of 0.3%. TechnipFMC’s dividend payout ratio is 8.66%.

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.