TechnipFMC plc $FTI Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 549.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,614 shares of the oil and gas company’s stock after purchasing an additional 25,057 shares during the period. Janney Montgomery Scott LLC’s holdings in TechnipFMC were worth $2,047,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FTI. Harbor Investment Advisory LLC acquired a new stake in TechnipFMC during the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of TechnipFMC in the third quarter worth $32,000. Geneos Wealth Management Inc. lifted its position in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TechnipFMC in the fourth quarter valued at $41,000. Finally, Torren Management LLC acquired a new stake in shares of TechnipFMC during the fourth quarter valued at $45,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on FTI shares. Piper Sandler boosted their target price on shares of TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada raised their price target on shares of TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Citigroup lifted their price target on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Finally, Evercore restated an “outperform” rating and set a $83.00 target price on shares of TechnipFMC in a research report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

TechnipFMC Trading Up 0.3%

NYSE FTI opened at $70.57 on Friday. TechnipFMC plc has a 12 month low of $31.88 and a 12 month high of $77.78. The company has a 50-day moving average of $69.40 and a 200-day moving average of $64.12. 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 company has a market cap of $28.14 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.51 and a beta of 0.70.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities analysts predict that TechnipFMC plc will post 2.98 earnings per share for the current year.

TechnipFMC Announces Dividend

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

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.