TechnipFMC (NYSE:FTI) CFO Alf Melin Sells 113,760 Shares

TechnipFMC plc (NYSE:FTI) CFO Alf Melin sold 113,760 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.61, for a total value of $4,392,273.60. Following the transaction, the chief financial officer directly owned 241,140 shares of the company’s stock, valued at $9,310,415.40. The trade was a 32.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

TechnipFMC Stock Performance

Shares of FTI opened at $39.77 on Wednesday. The stock has a 50-day simple moving average of $36.61 and a 200-day simple moving average of $32.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The stock has a market capitalization of $16.35 billion, a PE ratio of 18.76, a PEG ratio of 1.24 and a beta of 1.10. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $41.29.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. TechnipFMC’s payout ratio is presently 9.43%.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC in the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its stake in shares of TechnipFMC by 45.3% during the first 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. Caitong International Asset Management Co. Ltd acquired a new position in shares of TechnipFMC during the second quarter worth about $44,000. Financial Network Wealth Advisors LLC lifted its position in TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 346 shares during the period. Finally, Ossiam raised its stake in shares of TechnipFMC by 52.0% during the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock worth $55,000 after buying an additional 546 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FTI. Royal Bank Of Canada raised their target price on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Barclays boosted their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Citigroup reissued a “buy” rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Finally, BTIG Research lowered TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.92.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.