Xponance Inc. Has $757,000 Holdings in TechnipFMC plc (NYSE:FTI)

Xponance Inc. increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 8.5% in the fourth quarter, Holdings Channel reports. The firm owned 37,595 shares of the oil and gas company’s stock after buying an additional 2,957 shares during the quarter. Xponance Inc.’s holdings in TechnipFMC were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TechnipFMC by 8.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 97,533 shares of the oil and gas company’s stock worth $1,955,000 after purchasing an additional 7,704 shares during the period. Cookson Peirce & Co. Inc. grew its stake in shares of TechnipFMC by 320.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 56,616 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 43,142 shares during the period. Cerity Partners LLC bought a new position in TechnipFMC during the fourth quarter worth about $6,836,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TechnipFMC in the fourth quarter worth about $37,976,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TechnipFMC in the fourth quarter worth about $203,000. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $26.63 on Friday. The stock has a 50 day moving average price of $24.07 and a 200 day moving average price of $21.50. TechnipFMC plc has a 52 week low of $12.64 and a 52 week high of $27.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. The stock has a market capitalization of $11.64 billion, a PE ratio of 221.94 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the firm posted ($0.05) earnings per share. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. Analysts predict that TechnipFMC plc will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.75%. TechnipFMC’s dividend payout ratio is 166.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays increased their price target on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. TD Cowen increased their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Bank of America increased their price target on TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 15th. Benchmark restated a “buy” rating and issued a $30.00 price target (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Finally, Susquehanna reaffirmed a “positive” rating and set a $27.00 price objective on shares of TechnipFMC in a research report on Monday, April 8th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.34.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

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.