37,956 Shares in TechnipFMC plc $FTI Purchased by Archford Capital Strategies LLC

Archford Capital Strategies LLC acquired a new stake in TechnipFMC plc (NYSE:FTI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,956 shares of the oil and gas company’s stock, valued at approximately $1,691,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in shares of TechnipFMC by 34.0% in the third quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company’s stock valued at $525,339,000 after purchasing an additional 3,378,159 shares during the last quarter. State Street Corp lifted its stake in TechnipFMC by 62.2% in the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock valued at $508,276,000 after buying an additional 4,938,498 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TechnipFMC by 2.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company’s stock valued at $409,262,000 after buying an additional 232,491 shares in the last quarter. Boston Partners grew its holdings in TechnipFMC by 2.0% during the 3rd quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company’s stock valued at $389,018,000 after buying an additional 192,549 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in TechnipFMC by 184.0% during the third quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company’s stock worth $189,460,000 after buying an additional 3,111,399 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a report on Thursday, January 22nd. UBS Group set a $70.00 price objective on TechnipFMC in a research report on Friday, February 20th. Royal Bank Of Canada boosted their target price on shares of TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and upped their target price for the company from $49.00 to $62.00 in a report on Friday, February 20th. Finally, Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.20.

TechnipFMC Stock Performance

TechnipFMC stock opened at $69.04 on Wednesday. The stock has a fifty day moving average price of $62.52 and a 200 day moving average price of $49.93. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $72.59. The firm has a market capitalization of $27.72 billion, a P/E ratio of 29.89, a PEG ratio of 1.25 and a beta of 0.70. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.70 EPS for the quarter, beating 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 company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s payout ratio is presently 8.66%.

Insider Activity

In other TechnipFMC news, CEO Douglas J. Pferdehirt sold 733,424 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.24, for a total transaction of $45,648,309.76. Following the transaction, the chief executive officer owned 2,411,852 shares of the company’s stock, valued at $150,113,668.48. This trade represents a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Luana Duffe sold 47,951 shares of TechnipFMC stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the completion of the transaction, the executive vice president owned 78,871 shares in the company, valued at approximately $4,923,916.53. This trade represents a 37.81% 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 in the last ninety days. 1.40% of the stock is owned by company insiders.

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.