Ameritas Investment Partners Inc. Purchases Shares of 77,046 TechnipFMC plc $FTI

Ameritas Investment Partners Inc. acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,046 shares of the oil and gas company’s stock, valued at approximately $3,039,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in TechnipFMC by 5,475.0% in the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 657 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of TechnipFMC by 45.3% during 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 in the last quarter. McIlrath & Eck LLC lifted its position in TechnipFMC by 476.3% in the 3rd quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,024 shares during the last quarter. Root Financial Partners LLC purchased a new stake in TechnipFMC in the third quarter worth approximately $51,000. Finally, Ossiam boosted its stake in TechnipFMC by 52.0% in the second quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock worth $55,000 after buying an additional 546 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

Shares of FTI stock opened at $64.15 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The stock has a market cap of $25.66 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.23 and a beta of 0.69. The business’s fifty day moving average is $52.74 and its 200 day moving average is $44.57. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $64.99.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Research analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on FTI shares. Zacks Research raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Royal Bank Of Canada lifted their target price on shares of TechnipFMC from $47.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. Susquehanna upped their price target on shares of TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a research report on Friday. Citigroup lifted their price objective on TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and raised their price target for the stock from $49.00 to $62.00 in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.93.

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.