Key Points
- Director sale: TechnipFMC director Carvalho Filho Eleazar De sold 6,350 shares at an average of $65.40 for a total of $415,290, trimming his position by 6.09% to 97,860 shares (≈$6.4M).
- Earnings beat but mixed results: The company reported $0.70 EPS versus a $0.51 consensus (beat) and revenue of $2.52B (slightly below the $2.54B estimate), with revenue up 6.3% YoY and strong ROE (31.14%) and net margin (9.7%).
- Investor and analyst backdrop: Institutional investors own 96.58% of the stock after large recent buys by AQR, State Street and Invesco; analysts have a "Moderate Buy" consensus with an average target of $55.93 while the shares trade near a 12‑month high (~$65.97).
TechnipFMC plc (NYSE:FTI - Get Free Report) Director Carvalho Filho Eleazar De sold 6,350 shares of TechnipFMC stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $65.40, for a total transaction of $415,290.00. Following the completion of the sale, the director directly owned 97,860 shares in the company, valued at approximately $6,400,044. The trade was a 6.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
TechnipFMC Stock Performance
NYSE FTI traded down $0.16 during trading hours on Thursday, hitting $65.97. 493,197 shares of the stock were exchanged, compared to its average volume of 3,724,991. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The company has a market cap of $26.39 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 1.25 and a beta of 0.69. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $66.41. The stock has a 50-day moving average of $53.61 and a 200 day moving average of $44.93.
TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.19. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities research analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.
TechnipFMC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC's dividend payout ratio (DPR) is 8.66%.
Analyst Upgrades and Downgrades
FTI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of TechnipFMC in a report on Thursday, January 22nd. Zacks Research upgraded shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 23rd. BMO Capital Markets upped their price target on TechnipFMC from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Monday. HSBC cut TechnipFMC from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $49.00 to $62.00 in a report on Friday, February 20th. Finally, TD Cowen reiterated a "buy" rating on shares of TechnipFMC in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average target price of $55.93.
View Our Latest Report on TechnipFMC
Institutional Investors Weigh In On TechnipFMC
A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of TechnipFMC by 26.7% in the fourth quarter. AQR Capital Management LLC now owns 16,866,408 shares of the oil and gas company's stock worth $751,567,000 after acquiring an additional 3,549,839 shares during the last quarter. State Street Corp raised its stake in TechnipFMC by 62.2% in the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company's stock valued at $508,276,000 after purchasing an additional 4,938,498 shares during the last quarter. Invesco Ltd. boosted its stake in shares of TechnipFMC by 64.9% during the 4th quarter. Invesco Ltd. now owns 11,272,089 shares of the oil and gas company's stock worth $502,284,000 after purchasing an additional 4,437,960 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TechnipFMC by 2.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company's stock worth $409,262,000 after purchasing an additional 232,491 shares during the last quarter. Finally, Boston Partners raised its position in shares of TechnipFMC by 2.0% in the third quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company's stock valued at $389,018,000 after buying an additional 192,549 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.
About TechnipFMC
(
Get Free Report)
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.
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