37,873 Shares in TechnipFMC plc $FTI Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in TechnipFMC plc (NYSE:FTI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,873 shares of the oil and gas company’s stock, valued at approximately $2,511,000.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in TechnipFMC in the first quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in shares of TechnipFMC during the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. lifted its position in shares of TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of TechnipFMC during the 1st quarter valued at $37,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of TechnipFMC during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Evercore restated an “outperform” rating and issued a $83.00 price objective on shares of TechnipFMC in a research note on Friday, May 1st. Susquehanna cut their target price on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. UBS Group set a $80.00 target price on shares of TechnipFMC in a research note on Wednesday, June 3rd. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. Finally, Zacks Research cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Insiders Place Their Bets

In other news, Director Eric D. Mullins bought 6,365 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $78.55 per share, with a total value of $499,970.75. Following the acquisition, the director owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. The trade was a 373.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

TechnipFMC Stock Down 0.8%

Shares of NYSE FTI opened at $75.26 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The company has a market cap of $29.52 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.55 and a beta of 0.72. TechnipFMC plc has a 52 week low of $35.29 and a 52 week high of $80.55. The business has a 50-day simple moving average of $71.45 and a two-hundred day simple moving average of $69.56.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Research analysts anticipate that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

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

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.