Energy Income Partners LLC Decreases Holdings in TechnipFMC plc $FTI

Energy Income Partners LLC trimmed its holdings in shares of TechnipFMC plc (NYSE:FTIFree Report) by 15.1% during the first quarter, HoldingsChannel reports. The firm owned 203,864 shares of the oil and gas company’s stock after selling 36,132 shares during the quarter. Energy Income Partners LLC’s holdings in TechnipFMC were worth $14,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth boosted its stake in TechnipFMC by 27.2% in the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock valued at $764,000 after acquiring an additional 5,161 shares during the last quarter. Geneos Wealth Management Inc. increased its stake 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 worth $35,000 after purchasing an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of TechnipFMC by 76.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 6,381 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TechnipFMC by 132.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,449 shares of the oil and gas company’s stock worth $188,000 after purchasing an additional 3,105 shares during the period. Finally, Ossiam raised its holdings in shares of TechnipFMC by 52.0% in the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 546 shares during the period. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Down 2.3%

FTI opened at $74.95 on Tuesday. TechnipFMC plc has a 12 month low of $34.27 and a 12 month high of $77.92. The company has a market cap of $29.88 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. 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 $69.56 and a 200 day moving average of $66.50.

TechnipFMC (NYSE:FTIGet Free Report) last issued its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. On average, sell-side analysts expect that TechnipFMC plc will post 3.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FTI shares. UBS Group set a $80.00 price objective on TechnipFMC in a report on Wednesday, June 3rd. 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. Susquehanna dropped their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. Barclays increased their price target on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Piper Sandler lifted their price objective on TechnipFMC from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.64.

Get Our Latest Report on TechnipFMC

TechnipFMC Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TechnipFMC plc (NYSE:FTIFree Report).

Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter.