IFP Advisors Inc Has $221,000 Stock Position in TechnipFMC plc $FTI

IFP Advisors Inc increased its position in TechnipFMC plc (NYSE:FTI) by 36.4% in the second quarter, Holdings Channel.com reports. The firm owned 6,422 shares of the oil and gas company’s stock after acquiring an additional 1,714 shares during the period. IFP Advisors Inc’s holdings in TechnipFMC were worth $221,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in TechnipFMC by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company’s stock worth $46,360,000 after purchasing an additional 8,823 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in TechnipFMC in the first quarter worth about $205,000. Credit Agricole S A increased its position in TechnipFMC by 170.3% in the first quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company’s stock worth $2,982,000 after purchasing an additional 59,281 shares during the period. Stephens Investment Management Group LLC increased its position in TechnipFMC by 0.8% in the first quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company’s stock worth $109,001,000 after purchasing an additional 27,884 shares during the period. Finally, OMNI 360 Wealth Inc. acquired a new stake in TechnipFMC in the second quarter worth about $226,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TechnipFMC

In other news, CEO Douglas J. Pferdehirt sold 80,304 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.35, for a total transaction of $3,079,658.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. This represents a 12.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 885,984 shares of company stock worth $34,180,811. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BNP Paribas Exane upgraded TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price objective for the company in a research report on Friday, October 10th. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Susquehanna boosted their target price on TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. BNP Paribas set a $47.00 target price on TechnipFMC and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada boosted 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. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, TechnipFMC has an average rating of “Buy” and a consensus price target of $41.93.

TechnipFMC Trading Up 0.6%

NYSE FTI opened at $35.93 on Friday. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.05 and a beta of 1.04. The stock’s 50 day moving average price is $37.64 and its two-hundred day moving average price is $33.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $41.29.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, analysts anticipate 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. Shareholders of record on Tuesday, August 19th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.6%. TechnipFMC’s payout ratio is presently 9.43%.

TechnipFMC Profile

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.