Roman Butler Fullerton & Co. Invests $508,000 in TechnipFMC plc $FTI

Roman Butler Fullerton & Co. acquired a new stake in TechnipFMC plc (NYSE:FTI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 6,957 shares of the oil and gas company’s stock, valued at approximately $508,000.

Other hedge funds have also recently bought and sold shares of the company. ANB Bank raised its holdings in shares of TechnipFMC by 3.4% during the first quarter. ANB Bank now owns 4,903 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 161 shares during the period. PFG Investments LLC increased its holdings in TechnipFMC by 2.4% during the 1st 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 in the last quarter. Independent Advisor Alliance raised its stake in shares of TechnipFMC by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock valued at $2,730,000 after purchasing an additional 184 shares during the period. Evolve Private Wealth LLC grew its holdings in shares of TechnipFMC by 0.7% during the first quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company’s stock worth $2,411,000 after buying an additional 227 shares in the last quarter. Finally, Caerus Investment Advisors LLC raised its position 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 buying an additional 259 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday. Zacks Research lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barclays raised their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Evercore reissued an “outperform” rating and set a $83.00 price target on shares of TechnipFMC in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.64.

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $78.63 on Monday. TechnipFMC plc has a 12-month low of $34.27 and a 12-month high of $79.23. The company’s 50 day moving average price is $70.30 and its two-hundred day moving average price is $68.51. The firm has a market cap of $30.84 billion, a PE ratio of 27.30, a PEG ratio of 1.62 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10.

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 business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The firm’s revenue for the quarter 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. Equities research analysts predict that TechnipFMC plc will post 3.06 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th. TechnipFMC’s dividend payout ratio is 6.94%.

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.