TechnipFMC plc $FTI Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of TechnipFMC plc (NYSE:FTI) by 394.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,848 shares of the oil and gas company’s stock after purchasing an additional 9,451 shares during the period. Farther Finance Advisors LLC’s holdings in TechnipFMC were worth $528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC increased its position in TechnipFMC by 3.0% during the fourth quarter. Personal CFO Solutions LLC now owns 7,759 shares of the oil and gas company’s stock worth $346,000 after purchasing an additional 225 shares during the last quarter. Geneos Wealth Management Inc. increased its position in TechnipFMC by 45.3% during 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 last quarter. True Wealth Design LLC increased its position in TechnipFMC by 8.6% during the fourth quarter. True Wealth Design LLC now owns 4,495 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 357 shares during the last quarter. Hantz Financial Services Inc. increased its position in TechnipFMC by 1.5% during the third quarter. Hantz Financial Services Inc. now owns 24,019 shares of the oil and gas company’s stock worth $948,000 after purchasing an additional 365 shares during the last quarter. Finally, Gries Financial LLC increased its position in TechnipFMC by 6.2% during the third quarter. Gries Financial LLC now owns 6,745 shares of the oil and gas company’s stock worth $266,000 after purchasing an additional 391 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Up 3.3%

Shares of FTI stock opened at $74.86 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. The firm has a market cap 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 50-day moving average of $67.94 and a two-hundred day moving average of $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 earnings results on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. The company had revenue of $2.52 billion during 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%. TechnipFMC’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts predict that TechnipFMC plc will post 2.92 EPS for the current year.

TechnipFMC Announces Dividend

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

Insider Activity at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 172,276 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.10, for a total transaction of $10,698,339.60. Following the completion of the transaction, the executive vice president owned 119,667 shares of the company’s stock, valued at $7,431,320.70. This trade represents a 59.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Alf Melin sold 83,721 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $61.83, for a total transaction of $5,176,469.43. Following the completion of the transaction, the chief financial officer directly owned 282,537 shares of the company’s stock, valued at approximately $17,469,262.71. The trade was a 22.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,216,442 shares of company stock valued at $75,762,414 over the last quarter. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FTI shares. UBS Group set a $70.00 price objective on shares of TechnipFMC in a research report on Friday, February 20th. Citigroup raised their price objective on shares of TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and raised their price objective for the stock from $49.00 to $62.00 in a research report on Friday, February 20th. TD Cowen restated a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Finally, Piper Sandler raised their price objective on shares of TechnipFMC from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. One investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.73.

TechnipFMC 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.