TechnipFMC plc $FTI Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of TechnipFMC plc (NYSE:FTI) by 182.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,441,583 shares of the oil and gas company’s stock after acquiring an additional 931,697 shares during the quarter. SG Americas Securities LLC owned 0.36% of TechnipFMC worth $99,657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new position in TechnipFMC during the fourth quarter worth approximately $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of TechnipFMC in the third quarter valued at approximately $32,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of TechnipFMC during the 4th quarter worth approximately $41,000. Torren Management LLC acquired a new position in shares of TechnipFMC during the 4th quarter worth approximately $45,000. Finally, 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 in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the transaction, the director owned 59,887 shares of the company’s stock, valued at approximately $4,151,366.84. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

TechnipFMC Stock Down 0.2%

Shares of NYSE FTI opened at $65.05 on Monday. TechnipFMC plc has a 12-month low of $31.88 and a 12-month high of $77.78. The stock has a market cap of $25.93 billion, a PE ratio of 24.83, a P/E/G ratio of 1.40 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $71.14 and a 200 day moving average of $62.01.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. As a group, sell-side analysts predict that TechnipFMC plc will post 2.98 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is presently 7.63%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FTI shares. Susquehanna lifted their price target on shares of TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $83.00 price objective on shares of TechnipFMC in a report on Friday, May 1st. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Finally, BMO Capital Markets upped their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

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.