TechnipFMC plc $FTI Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. reduced its stake in TechnipFMC plc (NYSE:FTI) by 16.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,700 shares of the oil and gas company’s stock after selling 21,600 shares during the period. Hillsdale Investment Management Inc.’s holdings in TechnipFMC were worth $7,653,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in TechnipFMC during the first quarter worth about $26,000. Harbor Investment Advisory LLC acquired a new position in shares of TechnipFMC in the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of TechnipFMC in the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. boosted 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 purchasing an additional 340 shares during the period. Finally, Ascentis Independent Advisors acquired a new stake in TechnipFMC in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

TechnipFMC stock opened at $73.01 on Tuesday. 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 plc has a 52-week low of $31.88 and a 52-week high of $77.78. The firm has a market cap of $29.11 billion, a PE ratio of 27.87, a price-to-earnings-growth ratio of 1.53 and a beta of 0.70. The company’s 50 day moving average is $69.25 and its two-hundred day moving average is $64.50.

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

TechnipFMC Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have issued reports on FTI. Weiss Ratings lowered TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Susquehanna lowered their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. UBS Group set a $80.00 price objective on TechnipFMC in a research note on Wednesday, June 3rd. Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

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.