Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes Position in TechnipFMC plc $FTI

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) during the first quarter, HoldingsChannel reports. The fund acquired 10,246 shares of the oil and gas company’s stock, valued at approximately $708,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTI. Independent Advisor Alliance grew its position in TechnipFMC by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock worth $2,730,000 after purchasing an additional 184 shares during the period. Personal CFO Solutions LLC lifted its holdings in shares of TechnipFMC by 3.0% during the 4th quarter. Personal CFO Solutions LLC now owns 7,759 shares of the oil and gas company’s stock valued at $346,000 after buying an additional 225 shares during the period. Evolve Private Wealth LLC lifted its holdings in shares of TechnipFMC by 0.7% during the 1st quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company’s stock valued at $2,411,000 after buying an additional 227 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TechnipFMC by 5.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,266 shares of the oil and gas company’s stock worth $235,000 after buying an additional 262 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of TechnipFMC by 2.8% in the 4th quarter. Kestra Advisory Services LLC now owns 11,353 shares of the oil and gas company’s stock worth $506,000 after buying an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Price Performance

NYSE FTI opened at $66.72 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 12 month low of $31.88 and a 12 month high of $77.78. The stock has a market cap of $26.60 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.43 and a beta of 0.70. The company’s 50 day moving average is $69.83 and its two-hundred day moving average is $63.29.

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

TechnipFMC Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lifted their price objective on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Barclays raised their target price on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Finally, Susquehanna upped their price target on shares of TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a research report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

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.