Rousset Sophie Zurquiyah Sells 6,350 Shares of TechnipFMC (NYSE:FTI) Stock

TechnipFMC plc (NYSE:FTI) Director Rousset Sophie Zurquiyah sold 6,350 shares of TechnipFMC stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the transaction, the director directly owned 59,887 shares of the company’s stock, valued at approximately $4,151,366.84. This represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TechnipFMC Stock Performance

TechnipFMC stock opened at $70.47 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. TechnipFMC plc has a 1-year low of $22.11 and a 1-year high of $71.49. The firm has a market capitalization of $28.30 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 1.30 and a beta of 0.70. The company’s 50-day moving average is $61.49 and its 200 day moving average is $49.18.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC’s dividend payout ratio (DPR) is currently 8.66%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of TechnipFMC by 5,475.0% in the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after buying an additional 657 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of TechnipFMC during the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. purchased a new position in shares of TechnipFMC during the third quarter valued at $32,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TechnipFMC in the fourth quarter valued at about $41,000. Finally, Torren Management LLC bought a new stake in shares of TechnipFMC in the fourth quarter valued at about $45,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Susquehanna upped their price objective on TechnipFMC from $71.00 to $82.00 and gave the company a “positive” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a research note on Thursday, January 22nd. The Goldman Sachs Group upped their price target on shares of TechnipFMC from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Barclays reaffirmed an “overweight” rating and issued a $69.00 price target on shares of TechnipFMC in a research note on Friday, February 20th. Finally, Piper Sandler lifted their price objective on shares of TechnipFMC from $49.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.20.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.