Dean Investment Associates LLC bought a new position in shares of TechnipFMC PLC (NYSE:FTI) during the 1st quarter, HoldingsChannel reports. The firm bought 18,056 shares of the oil and gas company’s stock, valued at approximately $425,000.
Other large investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. raised its position in shares of TechnipFMC by 149.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock worth $28,000 after buying an additional 868 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of TechnipFMC by 802.0% in the first quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock worth $32,000 after buying an additional 1,203 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of TechnipFMC in the first quarter worth $37,000. Oregon Public Employees Retirement Fund raised its position in shares of TechnipFMC by 1,834.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 926,996 shares of the oil and gas company’s stock worth $47,000 after buying an additional 879,078 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of TechnipFMC in the fourth quarter worth $121,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.
A number of brokerages recently issued reports on FTI. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 price objective on shares of TechnipFMC in a research report on Monday, April 29th. Wells Fargo & Co increased their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. ValuEngine upgraded TechnipFMC from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. HSBC upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $23.45 price objective on the stock in a research report on Friday, March 22nd. Finally, Berenberg Bank began coverage on TechnipFMC in a research report on Tuesday, February 26th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $31.80.
TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3.13 billion. TechnipFMC had a negative net margin of 16.17% and a positive return on equity of 2.23%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 EPS. As a group, sell-side analysts anticipate that TechnipFMC PLC will post 1.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. TechnipFMC’s dividend payout ratio is presently 63.41%.
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TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
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