TechnipFMC plc (NYSE:FTI - Get Free Report) Director Eric Mullins acquired 6,365 shares of the company's stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the acquisition, the director directly owned 8,070 shares in the company, valued at $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TechnipFMC Stock Performance
Shares of FTI opened at $78.39 on Wednesday. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.62 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The business's 50 day moving average is $70.72 and its two-hundred day moving average is $68.84. TechnipFMC plc has a 52-week low of $34.27 and a 52-week high of $80.42.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Analysts forecast that TechnipFMC plc will post 3.08 EPS for the current fiscal year.
TechnipFMC Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, August 18th. TechnipFMC's dividend payout ratio is 6.94%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on FTI. Zacks Research downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. UBS Group set a $80.00 target price on TechnipFMC in a report on Wednesday, June 3rd. The Goldman Sachs Group reiterated a "buy" rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Susquehanna lowered their price target on TechnipFMC from $90.00 to $85.00 and set a "positive" rating for the company in a report on Wednesday, July 8th. Finally, Barclays upped their price target on TechnipFMC from $70.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $69.64.
Read Our Latest Analysis on FTI
Institutional Trading of TechnipFMC
A number of large investors have recently modified their holdings of FTI. Focus Partners Advisor Solutions LLC acquired a new stake in TechnipFMC in the second quarter worth approximately $3,470,000. Chase Investment Counsel Corp acquired a new position in shares of TechnipFMC during the 2nd quarter valued at $12,397,000. Asset Management One Co. Ltd. acquired a new position in shares of TechnipFMC during the 4th quarter valued at $833,000. Fisher Asset Management LLC raised its stake in shares of TechnipFMC by 7.1% in the 4th quarter. Fisher Asset Management LLC now owns 408,437 shares of the oil and gas company's stock worth $18,200,000 after buying an additional 27,111 shares in the last quarter. Finally, BankChampaign National Association acquired a new stake in shares of TechnipFMC in the first quarter valued at $1,157,000. Institutional investors and hedge funds own 96.58% of the company's stock.
TechnipFMC Company Profile
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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.
Further Reading
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