Hantz Financial Services Inc. Lowers Position in TechnipFMC plc $FTI

Hantz Financial Services Inc. decreased its position in TechnipFMC plc (NYSE:FTI) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,654 shares of the oil and gas company’s stock after selling 1,241 shares during the period. Hantz Financial Services Inc.’s holdings in TechnipFMC were worth $815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of TechnipFMC in the first quarter valued at about $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% in 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of TechnipFMC in the second quarter valued at about $44,000. Financial Network Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 346 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 2,061 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Pferdehirt sold 632,539 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the completion of the transaction, the chief executive officer owned 2,917,054 shares of the company’s stock, valued at approximately $112,656,625.48. This represents a 17.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alf Melin sold 113,760 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the transaction, the chief financial officer directly owned 241,140 shares of the company’s stock, valued at $9,310,415.40. This trade represents a 32.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 876,603 shares of company stock valued at $33,832,588. Insiders own 1.80% of the company’s stock.

TechnipFMC Stock Performance

Shares of FTI opened at $41.37 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.13. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.20 and a beta of 1.04. The company’s 50 day simple moving average is $38.54 and its 200 day simple moving average is $34.69. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $42.65.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. TechnipFMC had a net margin of 9.67% and a return on equity of 30.23%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC declared that its Board of Directors has approved a stock repurchase program on Wednesday, October 22nd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the oil and gas company to buy up to 13.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Tuesday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.20 annualized dividend and a yield of 0.5%. TechnipFMC’s dividend payout ratio is 8.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FTI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TechnipFMC in a report on Wednesday, October 8th. BNP Paribas set a $47.00 price objective on shares of TechnipFMC and gave the company an “outperform” rating in a research note on Friday, October 10th. Royal Bank Of Canada raised their price objective on shares of TechnipFMC from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. BTIG Research cut shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Finally, Susquehanna raised their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, TechnipFMC has an average rating of “Buy” and an average price target of $44.64.

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.