Ensign Peak Advisors Inc Acquires 43,415 Shares of TechnipFMC plc (NYSE:FTI)

Ensign Peak Advisors Inc grew its holdings in shares of TechnipFMC plc (NYSE:FTI) by 23.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,890 shares of the oil and gas company’s stock after buying an additional 43,415 shares during the period. Ensign Peak Advisors Inc owned approximately 0.05% of TechnipFMC worth $5,959,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Whittier Trust Co. bought a new position in shares of TechnipFMC during the 1st quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 492 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of TechnipFMC in the 4th quarter worth $33,000. ORG Partners LLC bought a new position in shares of TechnipFMC in the 2nd quarter worth $33,000. Finally, Quarry LP lifted its holdings in shares of TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 768 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FTI shares. Susquehanna increased their target price on TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Citigroup increased their target price on TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.51.

TechnipFMC Trading Down 3.5 %

Shares of TechnipFMC stock opened at $26.84 on Thursday. TechnipFMC plc has a 1 year low of $18.33 and a 1 year high of $29.85. The firm has a market cap of $11.50 billion, a PE ratio of 57.10 and a beta of 1.50. The stock has a fifty day moving average price of $26.49 and a 200-day moving average price of $25.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm posted $0.10 EPS. The business’s revenue was up 17.9% compared to the same quarter last year. Equities research analysts anticipate that TechnipFMC plc will post 1.34 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s dividend payout ratio is presently 42.55%.

TechnipFMC Company 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.