Three Seasons Wealth LLC Takes Position in TechnipFMC plc $FTI

Three Seasons Wealth LLC acquired a new stake in TechnipFMC plc (NYSE:FTI) in the second quarter, Holdings Channel.com reports. The firm acquired 31,843 shares of the oil and gas company’s stock, valued at approximately $2,111,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in TechnipFMC during the first quarter worth $26,000. Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC during the 3rd quarter worth about $32,000. Geneos Wealth Management Inc. grew its holdings 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 purchasing an additional 340 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of TechnipFMC during the second quarter worth $35,000. Finally, Ascentis Independent Advisors purchased a new stake in TechnipFMC during the 1st quarter worth about $37,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TechnipFMC

In related news, Director Eric Mullins acquired 6,365 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was bought at an average cost of $78.55 per share, with a total value of $499,970.75. Following the acquisition, the director directly owned 8,070 shares in the company, valued at approximately $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

TechnipFMC Stock Down 0.5%

Shares of NYSE:FTI opened at $79.66 on Friday. The stock has a 50-day simple moving average of $73.40 and a 200-day simple moving average of $70.50. The stock has a market capitalization of $31.24 billion, a P/E ratio of 27.66, a PEG ratio of 1.60 and a beta of 0.74. TechnipFMC plc has a 1 year low of $35.29 and a 1 year high of $80.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities analysts forecast that TechnipFMC plc will post 3.17 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s payout ratio is 6.94%.

Wall Street Analyst Weigh In

FTI has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Barclays lifted their price objective 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. Weiss Ratings downgraded TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. UBS Group set a $80.00 price target on TechnipFMC in a research note on Wednesday, June 3rd. Finally, Citigroup increased their price objective on shares of TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.64.

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.