San Luis Wealth Advisors LLC Has $562,000 Stock Holdings in TechnipFMC plc (NYSE:FTI)

San Luis Wealth Advisors LLC cut its position in shares of TechnipFMC plc (NYSE:FTI) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,742 shares of the oil and gas company’s stock after selling 1,576 shares during the period. San Luis Wealth Advisors LLC’s holdings in TechnipFMC were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its position in shares of TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 525 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of TechnipFMC during the 4th quarter worth approximately $46,000. EverSource Wealth Advisors LLC boosted its position in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,338 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 563 shares in the last quarter. Finally, Westpac Banking Corp acquired a new stake in shares of TechnipFMC during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

FTI stock opened at $34.67 on Tuesday. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $35.27. The company has a fifty day moving average price of $29.46 and a 200-day moving average price of $29.69. The company has a market capitalization of $14.54 billion, a P/E ratio of 22.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business earned $0.22 EPS. TechnipFMC’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Tuesday, May 20th. TechnipFMC’s dividend payout ratio is presently 10.53%.

Analyst Ratings Changes

Several analysts recently issued reports on FTI shares. Piper Sandler increased their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Sanford C. Bernstein downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Thursday, May 22nd. Susquehanna dropped their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a research note on Monday, April 14th. Finally, Barclays increased their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $36.46.

Insider Buying and Selling

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

TechnipFMC Profile

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.