Evergreen Capital Management LLC Purchases 9,488 Shares of TechnipFMC plc $FTI

Evergreen Capital Management LLC raised its position in TechnipFMC plc (NYSE:FTI) by 186.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,581 shares of the oil and gas company’s stock after buying an additional 9,488 shares during the quarter. Evergreen Capital Management LLC’s holdings in TechnipFMC were worth $650,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in TechnipFMC by 5,475.0% in the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 657 shares during the period. Newbridge Financial Services Group Inc. bought a new position in TechnipFMC in the 3rd quarter valued at about $32,000. Harbor Investment Advisory LLC bought a new position in TechnipFMC in the 4th quarter valued at about $32,000. Geneos Wealth Management Inc. increased its holdings in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in TechnipFMC in the 4th quarter valued at about $41,000. 96.58% of the stock is owned by institutional investors.

Insider Activity at TechnipFMC

In other TechnipFMC news, CFO Alf Melin sold 43,554 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total transaction of $2,749,564.02. Following the sale, the chief financial officer directly owned 238,983 shares of the company’s stock, valued at $15,086,996.79. The trade was a 15.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Luana Duffe sold 47,951 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the sale, the executive vice president directly owned 78,871 shares in the company, valued at $4,923,916.53. The trade was a 37.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,216,442 shares of company stock worth $75,762,414 in the last ninety days. Insiders own 1.40% of the company’s stock.

TechnipFMC Trading Up 3.3%

Shares of TechnipFMC stock opened at $74.86 on Friday. The firm has a market capitalization of $30.06 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $67.94 and its 200 day moving average is $54.02. TechnipFMC plc has a 1 year low of $27.23 and a 1 year high of $75.52.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.19. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. Equities research analysts forecast that TechnipFMC plc will post 2.92 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s payout ratio is 8.66%.

Analyst Ratings Changes

Several equities analysts have commented on FTI shares. Wall Street Zen lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. The Goldman Sachs Group raised their target price on shares of TechnipFMC from $66.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings lowered shares of TechnipFMC from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. Barclays reissued an “overweight” rating and issued a $69.00 target price on shares of TechnipFMC in a report on Friday, February 20th. Finally, BMO Capital Markets lifted their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.73.

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.