8,256 Shares in TechnipFMC plc (NYSE:FTI) Acquired by First Western Trust Bank

First Western Trust Bank acquired a new stake in TechnipFMC plc (NYSE:FTI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,256 shares of the oil and gas company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently bought and sold shares of FTI. Price T Rowe Associates Inc. MD grew its holdings in shares of TechnipFMC by 8.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock valued at $1,019,337,000 after buying an additional 3,259,348 shares during the period. Norges Bank bought a new stake in shares of TechnipFMC during the fourth quarter worth $61,570,000. Balyasny Asset Management L.P. increased its holdings in TechnipFMC by 868.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after purchasing an additional 2,808,618 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of TechnipFMC during the fourth quarter worth about $37,976,000. Finally, TD Asset Management Inc raised its position in TechnipFMC by 182.8% in the 4th quarter. TD Asset Management Inc now owns 1,680,716 shares of the oil and gas company’s stock valued at $33,850,000 after buying an additional 1,086,400 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Buying and Selling at TechnipFMC

In related news, CAO David Light sold 5,928 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was 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 in the company, valued at $297,692.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.06% of the company’s stock.

TechnipFMC Stock Performance

TechnipFMC stock traded down $0.70 during trading hours on Thursday, hitting $28.80. The company had a trading volume of 3,189,041 shares, compared to its average volume of 4,207,708. TechnipFMC plc has a one year low of $17.51 and a one year high of $29.85. The firm has a market cap of $12.34 billion, a PE ratio of 63.30 and a beta of 1.52. The firm has a 50-day moving average of $26.21 and a 200 day moving average of $24.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. On average, sell-side analysts expect that TechnipFMC plc will post 1.21 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Susquehanna lifted their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. TD Cowen raised their price target on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $30.00 price objective on shares of TechnipFMC in a research note on Friday, April 26th. Finally, Citigroup increased their price objective on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, TechnipFMC has an average rating of “Moderate Buy” and a consensus price target of $28.62.

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.