Tucker Asset Management LLC Invests $436,000 in TechnipFMC plc $FTI

Tucker Asset Management LLC bought a new stake in TechnipFMC plc (NYSE:FTI) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,574 shares of the oil and gas company’s stock, valued at approximately $436,000.

Several other large investors have also modified their holdings of FTI. V Square Quantitative Management LLC acquired a new stake in TechnipFMC during the first quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of TechnipFMC in the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. increased its holdings in shares of TechnipFMC by 45.3% in 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 acquiring an additional 340 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of TechnipFMC in the 2nd quarter valued at approximately $35,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of TechnipFMC during the 1st quarter valued at approximately $37,000. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of FTI opened at $79.66 on Monday. TechnipFMC plc has a 12 month low of $35.29 and a 12 month high of $80.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a fifty day moving average price of $73.40 and a 200 day moving average price of $70.56. The company has a market cap of $31.24 billion, a P/E ratio of 27.66, a PEG ratio of 1.59 and a beta of 0.74.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. On average, research analysts forecast that TechnipFMC plc will post 3.17 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were given a $0.05 dividend. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FTI shares. Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. UBS Group set a $80.00 target price on shares of TechnipFMC in a report on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Weiss Ratings downgraded shares of TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. Finally, Susquehanna dropped their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Insider Transactions at TechnipFMC

In other news, Director Eric Mullins bought 6,365 shares of TechnipFMC stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $78.55 per share, with a total value of $499,970.75. Following the purchase, the director directly owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. This trade represents a 373.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is owned by insiders.

TechnipFMC 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.