Focus Partners Advisor Solutions LLC purchased a new stake in TechnipFMC plc (NYSE:FTI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,342 shares of the oil and gas company’s stock, valued at approximately $3,470,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTI. V Square Quantitative Management LLC bought a new position in shares of TechnipFMC in the first quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC during the third quarter worth $32,000. Geneos Wealth Management Inc. raised its position in 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 buying an additional 340 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in TechnipFMC in the 1st quarter valued at $37,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in TechnipFMC during the 4th quarter worth $41,000. 96.58% of the stock is owned by institutional investors.
TechnipFMC Stock Up 2.6%
Shares of NYSE:FTI opened at $78.63 on Friday. The company has a market capitalization of $30.84 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.62 and a beta of 0.72. 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 business has a fifty day moving average price of $70.30 and a two-hundred day moving average price of $68.41. TechnipFMC plc has a 1 year low of $34.27 and a 1 year high of $79.23.
TechnipFMC Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, August 18th. TechnipFMC’s dividend payout ratio (DPR) is 6.94%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Zacks Research downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Weiss Ratings cut shares of TechnipFMC from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, July 31st. Wall Street Zen downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Royal Bank Of Canada increased their price objective on shares of TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Susquehanna dropped their target price on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research report on Wednesday, July 8th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.64.
Get Our Latest Stock Report on TechnipFMC
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.
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