Cetera Investment Advisers Has $1.36 Million Stock Holdings in TechnipFMC plc $FTI

Cetera Investment Advisers grew its position in shares of TechnipFMC plc (NYSE:FTI) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,386 shares of the oil and gas company’s stock after buying an additional 2,296 shares during the period. Cetera Investment Advisers’ holdings in TechnipFMC were worth $1,356,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FTI. Creative Planning increased its position in TechnipFMC by 50.5% during the second quarter. Creative Planning now owns 36,492 shares of the oil and gas company’s stock worth $1,257,000 after acquiring an additional 12,240 shares during the period. SG Americas Securities LLC acquired a new position in shares of TechnipFMC during the 2nd quarter worth approximately $486,000. Massachusetts Financial Services Co. MA grew its position in shares of TechnipFMC by 1.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,141,701 shares of the oil and gas company’s stock worth $349,280,000 after purchasing an additional 189,637 shares in the last quarter. Olympiad Research LP increased its holdings in shares of TechnipFMC by 30.4% during the second quarter. Olympiad Research LP now owns 9,077 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 2,118 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of TechnipFMC by 2.1% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 157,274 shares of the oil and gas company’s stock valued at $5,417,000 after buying an additional 3,205 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Pferdehirt sold 632,539 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the sale, the chief executive officer owned 2,917,054 shares of the company’s stock, valued at $112,656,625.48. This trade represents a 17.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alf Melin sold 113,760 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 241,140 shares in the company, valued at $9,310,415.40. This represents a 32.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 876,603 shares of company stock worth $33,832,588. Insiders own 1.80% of the company’s stock.

TechnipFMC Stock Performance

TechnipFMC stock opened at $45.63 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a market cap of $18.46 billion, a PE ratio of 20.37, a P/E/G ratio of 1.20 and a beta of 1.00. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $46.23. The business’s 50-day moving average price is $40.71 and its two-hundred day moving average price is $37.01.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. TechnipFMC had a net margin of 9.67% and a return on equity of 30.23%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.64 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC announced that its board has approved a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. TechnipFMC’s dividend payout ratio is 8.93%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FTI. UBS Group reissued an “outperform” rating on shares of TechnipFMC in a research report on Tuesday, October 28th. Citigroup increased their target price on TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BNP Paribas Exane raised TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price target for the company in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TechnipFMC in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.00.

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.