TechnipFMC plc $FTI Position Boosted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its holdings in shares of TechnipFMC plc (NYSE:FTI) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,459 shares of the oil and gas company’s stock after acquiring an additional 7,381 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in TechnipFMC were worth $823,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Peregrine Capital Management LLC grew its stake in shares of TechnipFMC by 3.2% in the 4th quarter. Peregrine Capital Management LLC now owns 361,468 shares of the oil and gas company’s stock valued at $16,107,000 after buying an additional 11,086 shares in the last quarter. HB Wealth Management LLC grew its position in TechnipFMC by 33.5% in the fourth quarter. HB Wealth Management LLC now owns 12,495 shares of the oil and gas company’s stock worth $557,000 after acquiring an additional 3,133 shares in the last quarter. CPC Advisors LLC bought a new stake in TechnipFMC in the fourth quarter worth approximately $3,612,000. Evergreen Capital Management LLC grew its position in TechnipFMC by 186.3% in the fourth quarter. Evergreen Capital Management LLC now owns 14,581 shares of the oil and gas company’s stock worth $650,000 after acquiring an additional 9,488 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in TechnipFMC by 3.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,709 shares of the oil and gas company’s stock worth $5,712,000 after acquiring an additional 3,741 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Insider Activity

In other TechnipFMC news, EVP Justin Rounce sold 172,276 shares of the stock in a transaction on Monday, March 9th. The stock was 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 directly owned 119,667 shares in the company, valued at $7,431,320.70. This represents a 59.01% decrease in their ownership of the stock. 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 stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $2,993,580.93. Following the transaction, the executive vice president owned 78,871 shares of the company’s stock, valued at $4,923,916.53. This represents a 37.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FTI shares. Susquehanna raised their price target on shares of TechnipFMC from $82.00 to $83.00 and gave the company a “positive” rating in a report on Tuesday, April 7th. Weiss Ratings cut TechnipFMC from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their price objective on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. BMO Capital Markets upped their target price on TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday, February 23rd. Finally, Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. One equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.73.

TechnipFMC Stock Performance

TechnipFMC stock opened at $75.13 on Tuesday. 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 stock has a fifty day moving average price of $68.22 and a two-hundred day moving average price of $54.40. TechnipFMC plc has a 52-week low of $27.70 and a 52-week high of $76.12. The firm has a market capitalization of $30.17 billion, a P/E ratio of 32.52, a P/E/G ratio of 1.52 and a beta of 0.71.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Saturday, February 14th. 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 return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that TechnipFMC plc will post 2.92 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed 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 was Tuesday, March 17th. TechnipFMC’s dividend payout ratio is currently 8.66%.

About TechnipFMC

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.