TechnipFMC (NYSE:FTI) Director Acquires $499,970.75 in Stock

TechnipFMC plc (NYSE:FTI) Director Eric Mullins purchased 6,365 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was bought at an average price of $78.55 per share, with a total value of $499,970.75. Following the completion of the purchase, the director owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. This represents a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

TechnipFMC Trading Up 0.7%

Shares of TechnipFMC stock opened at $77.55 on Friday. The stock has a market cap of $30.41 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.58 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. TechnipFMC plc has a 12-month low of $34.67 and a 12-month high of $80.55. The business’s 50 day moving average is $71.00 and its 200-day moving average is $69.15.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. Equities research analysts predict that TechnipFMC plc will post 3.08 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s payout ratio is currently 6.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Susquehanna reduced their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Wall Street Zen cut TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, August 13th. The Goldman Sachs Group reissued a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Finally, Royal Bank Of Canada increased their price target on TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus target price of $69.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTI. V Square Quantitative Management LLC acquired a new position in shares of TechnipFMC in the first quarter valued at approximately $26,000. Ascentis Independent Advisors acquired a new stake in TechnipFMC during the 1st quarter worth approximately $37,000. Keating Financial Advisory Services Inc. bought a new stake in TechnipFMC in the 2nd quarter valued at $37,000. First Pacific Financial bought a new stake in TechnipFMC in the 1st quarter valued at $52,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC in the 3rd quarter valued at $32,000. 96.58% of the stock is owned by institutional investors.

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.