Mraz Amerine & Associates Inc. bought a new stake in TechnipFMC PLC (NYSE:FTI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,800 shares of the oil and gas company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently modified their holdings of the business. CSat Investment Advisory L.P. grew 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 valued at $28,000 after purchasing an additional 868 shares during the last quarter. Moody National Bank Trust Division grew 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 valued at $32,000 after purchasing an additional 1,203 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of TechnipFMC in the first quarter valued at approximately $37,000. Shine Investment Advisory Services Inc. grew its position in shares of TechnipFMC by 64.2% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 2,070 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 809 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew 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 valued at $47,000 after purchasing an additional 879,078 shares during the last quarter. 71.85% of the stock is owned by institutional investors.

Shares of FTI opened at $22.14 on Friday. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 3.00 and a beta of 1.25. TechnipFMC PLC has a fifty-two week low of $18.20 and a fifty-two week high of $33.60. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). The company had revenue of $2.91 billion during the quarter, compared to analyst estimates 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 for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Sell-side analysts forecast that TechnipFMC PLC will post 1.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a $0.13 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.35%.

A number of analysts recently issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and set a $29.00 target price on shares of TechnipFMC in a research report on Monday, April 29th. Wells Fargo & Co raised their target price on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. ValuEngine upgraded shares of TechnipFMC from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. HSBC upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $23.45 target price on the stock in a research report on Friday, March 22nd. Finally, Berenberg Bank assumed coverage on shares of TechnipFMC in a research report on Tuesday, February 26th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $31.80.

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About TechnipFMC

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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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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