EP Wealth Advisors LLC Takes $230,000 Position in TechnipFMC plc $FTI

EP Wealth Advisors LLC bought a new position in TechnipFMC plc (NYSE:FTI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,242 shares of the oil and gas company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FTI. New York State Teachers Retirement System bought a new stake in shares of TechnipFMC in the 1st quarter worth approximately $33,000. Financial Network Wealth Advisors LLC raised its position in TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 346 shares during the period. Brooklyn Investment Group lifted its stake in TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 2,061 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in TechnipFMC by 346.7% in the first quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 2,219 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in TechnipFMC by 27.0% during the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock valued at $91,000 after buying an additional 614 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company’s stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Trading Up 1.0%

NYSE FTI opened at $39.67 on Wednesday. The stock has a market cap of $16.31 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $39.97. The stock has a 50 day simple moving average of $35.69 and a two-hundred day simple moving average of $31.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. On average, analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. TechnipFMC’s payout ratio is presently 9.43%.

Analyst Ratings Changes

FTI has been the topic of several analyst reports. Royal Bank Of Canada lifted their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Citigroup reaffirmed a “buy” rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Evercore ISI boosted their price objective on TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Susquehanna raised their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Finally, Sanford C. Bernstein downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.92.

About TechnipFMC

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.