TechnipFMC plc $FTI Stock Holdings Raised by Perbak Capital Partners LLP

Perbak Capital Partners LLP grew its stake in TechnipFMC plc (NYSE:FTI) by 51.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,452 shares of the oil and gas company’s stock after purchasing an additional 11,671 shares during the quarter. Perbak Capital Partners LLP’s holdings in TechnipFMC were worth $1,359,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FTI. Focus Partners Wealth increased its holdings in TechnipFMC by 27.2% in the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock valued at $764,000 after buying an additional 5,161 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in TechnipFMC by 45.3% during 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 in the last quarter. Sivia Capital Partners LLC lifted its holdings in TechnipFMC by 76.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after buying an additional 6,381 shares during the last quarter. Bank of Montreal Can lifted its holdings in TechnipFMC by 10.4% during the 2nd quarter. Bank of Montreal Can now owns 27,126 shares of the oil and gas company’s stock worth $934,000 after buying an additional 2,557 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of TechnipFMC by 9.5% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,530 shares of the oil and gas company’s stock worth $1,224,000 after acquiring an additional 3,069 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

Insiders Place Their Bets

In other TechnipFMC news, insider Jonathan Landes sold 116,194 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.20, for a total value of $7,227,266.80. Following the sale, the insider owned 71,356 shares in the company, valued at approximately $4,438,343.20. This trade represents a 61.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David Light sold 6,622 shares of TechnipFMC stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the sale, the chief accounting officer directly owned 5,005 shares in the company, valued at approximately $312,462.15. This trade represents a 56.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,210,092 shares of company stock worth $75,322,232. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on FTI. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Piper Sandler lifted their price objective on shares of TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and boosted their target price for the company from $49.00 to $62.00 in a research note on Friday, February 20th. The Goldman Sachs Group increased their target price on shares of TechnipFMC from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Finally, Citigroup raised their price target on shares of TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, TechnipFMC has an average rating of “Moderate Buy” and an average target price of $58.47.

TechnipFMC Trading Up 0.8%

Shares of NYSE FTI opened at $63.01 on Friday. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $68.29. The company has a market cap of $25.21 billion, a price-to-earnings ratio of 27.28, a price-to-earnings-growth ratio of 1.15 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. The stock’s 50 day simple moving average is $58.39 and its 200 day simple moving average is $47.33.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the prior year, the business earned $0.54 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed 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 dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 17th. TechnipFMC’s dividend payout ratio (DPR) is 8.66%.

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.