United Capital Financial Advisors LLC Takes Position in TechnipFMC plc $FTI

United Capital Financial Advisors LLC bought a new position in TechnipFMC plc (NYSE:FTI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,844 shares of the oil and gas company’s stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in TechnipFMC during the 1st quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of TechnipFMC during the third quarter valued at about $32,000. Geneos Wealth Management Inc. raised 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 valued at $35,000 after acquiring an additional 340 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of TechnipFMC in the first quarter worth about $37,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in TechnipFMC during the 2nd quarter valued at about $37,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Up 3.2%

FTI stock opened at $78.27 on Tuesday. TechnipFMC plc has a fifty-two week low of $35.29 and a fifty-two week high of $80.55. The company has a market capitalization of $30.69 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. The business’s 50 day moving average price is $72.29 and its two-hundred day moving average price is $70.06. 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 earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the business posted $0.68 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts forecast that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is currently 6.94%.

Analysts Set New Price Targets

Several research firms have weighed in on FTI. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. Citigroup boosted their target price on TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. UBS Group set a $80.00 price target on shares of TechnipFMC in a report on Wednesday, June 3rd. Finally, Zacks Research downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.64.

Insider Buying and Selling

In other TechnipFMC news, Director Eric D. Mullins bought 6,365 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the acquisition, the director owned 8,070 shares in the company, valued at approximately $633,898.50. This represents a 373.31% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

TechnipFMC Company 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.