8,200 Shares in TechnipFMC plc (NYSE:FTI) Bought by swisspartners Advisors Ltd

swisspartners Advisors Ltd bought a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 8,200 shares of the oil and gas company’s stock, valued at approximately $206,000. TechnipFMC comprises approximately 0.2% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 28th biggest holding.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of TechnipFMC by 320.3% in the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after buying an additional 30,323,011 shares in the last quarter. American Century Companies Inc. raised its stake in shares of TechnipFMC by 161.9% in the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock valued at $108,048,000 after buying an additional 3,283,972 shares in the last quarter. Norges Bank acquired a new position in shares of TechnipFMC in the 4th quarter valued at $61,570,000. Balyasny Asset Management L.P. raised its stake in shares of TechnipFMC by 868.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock valued at $63,082,000 after buying an additional 2,808,618 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of TechnipFMC in the 4th quarter valued at $37,976,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FTI. Piper Sandler increased their price objective on shares of TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Benchmark restated a “buy” rating and issued a $30.00 price objective on shares of TechnipFMC in a research note on Friday, April 26th. Citigroup increased their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays increased their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Finally, Bank of America increased their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

TechnipFMC Price Performance

NYSE:FTI traded up $0.45 during mid-day trading on Thursday, reaching $26.96. 2,434,213 shares of the company were exchanged, compared to its average volume of 4,143,199. TechnipFMC plc has a 12 month low of $17.07 and a 12 month high of $27.30. The company has a fifty day moving average of $25.73 and a 200 day moving average of $23.47. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a market cap of $11.62 billion, a PE ratio of 57.35 and a beta of 1.52.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. The business’s quarterly revenue was up 18.9% on a year-over-year basis. On average, research analysts anticipate that TechnipFMC plc will post 1.18 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity

In other news, CAO David Light sold 5,928 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.68. Following the transaction, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at approximately $297,692.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.93% of the company’s stock.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.