TechnipFMC plc $FTI Position Increased by American Century Companies Inc.

American Century Companies Inc. raised its position in TechnipFMC plc (NYSE:FTI) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,339,142 shares of the oil and gas company’s stock after purchasing an additional 347,588 shares during the quarter. American Century Companies Inc. owned approximately 0.83% of TechnipFMC worth $131,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings 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 worth $26,000 after buying an additional 657 shares during the last quarter. Geneos Wealth Management Inc. grew its position in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares in the last quarter. Huntington National Bank increased its stake in shares of TechnipFMC by 317.8% during the 3rd quarter. Huntington National Bank now owns 1,195 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 909 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of TechnipFMC by 476.3% during the 3rd quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at $51,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

NYSE:FTI opened at $66.26 on Monday. The firm’s 50-day moving average is $54.51 and its 200-day moving average is $45.45. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 1.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $67.55.

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

TechnipFMC Dividend Announcement

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

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 6,350 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total value of $415,290.00. Following the completion of the transaction, the director directly owned 97,860 shares of the company’s stock, valued at $6,400,044. This trade represents a 6.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on FTI. TD Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. 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 report on Friday, February 20th. UBS Group set a $70.00 price objective on TechnipFMC in a research note on Friday, February 20th. Jefferies Financial Group upped their target price on TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Susquehanna increased their price target on TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus price target of $57.93.

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.