Focus Partners Advisor Solutions LLC Buys 10,670 Shares of TechnipFMC plc $FTI

Focus Partners Advisor Solutions LLC increased its holdings in shares of TechnipFMC plc (NYSE:FTI) by 19.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 66,266 shares of the oil and gas company’s stock after purchasing an additional 10,670 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in TechnipFMC were worth $2,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC bought a new stake in shares of TechnipFMC during the 4th quarter worth $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of TechnipFMC during the 3rd quarter worth $32,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TechnipFMC during the 4th quarter worth $41,000. Torren Management LLC bought a new stake in shares of TechnipFMC during the 4th quarter worth $45,000. Finally, Geneos Wealth Management Inc. lifted its position 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 worth $35,000 after buying an additional 340 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

TechnipFMC stock opened at $70.13 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $27.96 billion, a PE ratio of 26.77, a P/E/G ratio of 1.47 and a beta of 0.69. TechnipFMC plc has a 12 month low of $31.88 and a 12 month high of $77.78. The stock has a 50-day moving average price of $71.62 and a two-hundred day moving average price of $60.89.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Analysts expect that TechnipFMC plc will post 2.98 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a $0.05 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is currently 7.63%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FTI shares. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. TD Cowen restated a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. Susquehanna upped their price objective on TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a research report on Friday, May 1st. BMO Capital Markets upped their price objective on TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, February 23rd. Finally, Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.71.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total value of $440,182.00. Following the completion of the transaction, the director directly owned 59,887 shares in the company, valued at approximately $4,151,366.84. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

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.