Strategic Global Advisors LLC Invests $1.64 Million in TechnipFMC plc $FTI

Strategic Global Advisors LLC purchased a new position in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 36,804 shares of the oil and gas company’s stock, valued at approximately $1,640,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTI. Harbor Investment Advisory LLC bought a new stake in shares of TechnipFMC during the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of TechnipFMC during the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 worth $35,000 after acquiring an additional 340 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TechnipFMC during the 4th quarter worth approximately $41,000. Finally, Torren Management LLC bought a new stake in shares of TechnipFMC during the 4th quarter worth approximately $45,000. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FTI shares. Royal Bank Of Canada upped their price target on shares of TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Evercore restated an “outperform” rating and issued a $83.00 target price on shares of TechnipFMC in a research report on Friday, May 1st. Zacks Research lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Finally, TD Cowen restated a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and an average target price of $69.71.

Insider Activity

In other news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the firm’s stock in a transaction on 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 transaction, the director owned 59,887 shares of the company’s stock, valued at approximately $4,151,366.84. This trade 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 accessible through the SEC website. Insiders own 1.40% of the company’s stock.

TechnipFMC Stock Performance

Shares of TechnipFMC stock opened at $70.70 on Monday. TechnipFMC plc has a fifty-two week low of $31.88 and a fifty-two week high of $77.78. 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 firm has a market capitalization of $28.19 billion, a P/E ratio of 26.98, a P/E/G ratio of 1.52 and a beta of 0.69. The company’s 50 day moving average price is $71.67 and its two-hundred day moving average price is $61.26.

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

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is presently 7.63%.

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.