TechnipFMC plc $FTI Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,716 shares of the oil and gas company’s stock after purchasing an additional 138,675 shares during the quarter. Sei Investments Co.’s holdings in TechnipFMC were worth $38,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of TechnipFMC during the 1st quarter worth about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of TechnipFMC during the third quarter worth about $32,000. Geneos Wealth Management Inc. raised its position in shares of 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 valued at $35,000 after buying an additional 340 shares during the last quarter. Ascentis Independent Advisors purchased a new position in shares of TechnipFMC during the first quarter valued at approximately $37,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in TechnipFMC during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

FTI has been the subject of several analyst reports. Royal Bank Of Canada boosted their price target on TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Susquehanna dropped their target price on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings upgraded TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, July 14th. Finally, Barclays raised their price target on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

TechnipFMC Stock Down 0.1%

Shares of FTI opened at $76.70 on Monday. TechnipFMC plc has a fifty-two week low of $34.27 and a fifty-two week high of $77.92. The company’s fifty day moving average is $69.53 and its two-hundred day moving average is $66.31. The firm has a market cap of $30.58 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts forecast that TechnipFMC plc will post 3.01 earnings per share for the current year.

TechnipFMC Announces Dividend

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

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.