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

IFP Advisors Inc raised its stake in shares of TechnipFMC plc (NYSE:FTI) by 36.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,422 shares of the oil and gas company’s stock after purchasing an additional 1,714 shares during the period. IFP Advisors Inc’s holdings in TechnipFMC were worth $221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 111 Capital acquired a new position in TechnipFMC during the second quarter valued at approximately $246,000. Robeco Institutional Asset Management B.V. grew its stake in shares of TechnipFMC by 4.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 126,584 shares of the oil and gas company’s stock worth $4,360,000 after acquiring an additional 5,218 shares during the last quarter. Truist Financial Corp grew its stake in shares of TechnipFMC by 12.1% in the second quarter. Truist Financial Corp now owns 48,819 shares of the oil and gas company’s stock worth $1,681,000 after acquiring an additional 5,252 shares during the last quarter. Poinciana Advisors Group LLC acquired a new stake in shares of TechnipFMC in the second quarter worth $219,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of TechnipFMC by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 138,696 shares of the oil and gas company’s stock worth $4,777,000 after acquiring an additional 8,341 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Up 0.6%

Shares of NYSE FTI opened at $35.93 on Friday. The stock has a market cap of $14.77 billion, a PE ratio of 16.95, a PEG ratio of 1.05 and a beta of 1.04. The business has a fifty day moving average of $37.64 and a two-hundred day moving average of $33.61. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $41.29. 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 (NYSE:FTI) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion during 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 revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC’s payout ratio is currently 9.43%.

Insiders Place Their Bets

In related news, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the transaction, the insider directly owned 56,352 shares of the company’s stock, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company’s stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Susquehanna raised their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. BNP Paribas Exane upgraded shares of TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research note on Friday, October 10th. Piper Sandler set a $48.00 price objective on shares of TechnipFMC and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of TechnipFMC from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $41.93.

About TechnipFMC

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.