30,782 Shares in TechnipFMC plc $FTI Purchased by Securian Asset Management Inc.

Securian Asset Management Inc. purchased a new stake in TechnipFMC plc (NYSE:FTI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,782 shares of the oil and gas company’s stock, valued at approximately $1,214,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FTI. Diversified Trust Co boosted its position in shares of TechnipFMC by 0.8% in the second quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company’s stock worth $1,406,000 after acquiring an additional 306 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 340 shares during the period. Gries Financial LLC boosted its holdings in shares of TechnipFMC by 6.2% in the 3rd quarter. Gries Financial LLC now owns 6,745 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 391 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in shares of TechnipFMC by 3.3% during the 2nd quarter. Quadcap Wealth Management LLC now owns 16,256 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 521 shares during the period. Finally, Ossiam increased its holdings in shares of TechnipFMC by 52.0% during the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock worth $55,000 after buying an additional 546 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a report on Wednesday, October 8th. BNP Paribas set a $47.00 target price on TechnipFMC and gave the stock an “outperform” rating in a report on Friday, October 10th. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. BNP Paribas Exane raised shares of TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a research report on Friday, October 10th. Finally, Citigroup boosted their price objective on shares of TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.46.

TechnipFMC Stock Performance

TechnipFMC stock opened at $50.06 on Friday. The firm has a market capitalization of $20.25 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 0.97 and a beta of 0.66. TechnipFMC plc has a one year low of $22.11 and a one year high of $50.44. The stock’s 50 day moving average price is $45.01 and its 200 day moving average price is $39.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.13.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.10. TechnipFMC had a net margin of 9.67% and a return on equity of 30.23%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter last year, the firm posted $0.64 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 22nd that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the oil and gas company to purchase up to 13.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Tuesday, November 18th were issued a $0.05 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. TechnipFMC’s payout ratio is currently 8.93%.

TechnipFMC Company Profile

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.