TechnipFMC plc $FTI Holdings Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in TechnipFMC plc (NYSE:FTI) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,989 shares of the oil and gas company’s stock after selling 348 shares during the period. Yousif Capital Management LLC’s holdings in TechnipFMC were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTI. New York State Teachers Retirement System acquired a new position in TechnipFMC in the first quarter worth approximately $33,000. Geneos Wealth Management Inc. increased its stake in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 340 shares during the period. Financial Network Wealth Advisors LLC lifted its holdings in shares of TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after buying an additional 346 shares during the last quarter. Brooklyn Investment Group boosted its holdings in TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,061 shares during the period. Finally, Compagnie Lombard Odier SCmA lifted its stake in shares of TechnipFMC by 67.2% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,608 shares of the oil and gas company’s stock valued at $90,000 after buying an additional 1,048 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TechnipFMC

In other news, CEO Douglas J. Pferdehirt sold 632,539 shares of TechnipFMC stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the transaction, the chief executive officer owned 2,917,054 shares in the company, valued at approximately $112,656,625.48. The trade was a 17.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alf Melin sold 113,760 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.61, for a total value of $4,392,273.60. Following the completion of the transaction, the chief financial officer owned 241,140 shares in the company, valued at $9,310,415.40. The trade was a 32.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 876,603 shares of company stock valued at $33,832,588. Corporate insiders own 1.80% of the company’s stock.

TechnipFMC Stock Performance

Shares of FTI stock opened at $40.83 on Friday. TechnipFMC plc has a one year low of $22.11 and a one year high of $41.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The stock has a market cap of $16.78 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.10 and a beta of 1.04. The company has a fifty day moving average price of $37.86 and a two-hundred day moving average price of $33.89.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC announced that its board has authorized a stock buyback plan on Wednesday, October 22nd that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to buy up to 13.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Tuesday, November 18th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, November 18th. TechnipFMC’s dividend payout ratio (DPR) is 9.43%.

Analyst Ratings Changes

A number of research firms recently weighed in on FTI. Evercore ISI upped their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of TechnipFMC from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TechnipFMC in a research note on Wednesday, October 8th. Barclays raised their price objective on shares of TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Susquehanna boosted their target price on TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TechnipFMC currently has a consensus rating of “Buy” and a consensus target price of $41.93.

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.