TechnipFMC plc $FTI Shares Acquired by Rothschild Investment LLC

Rothschild Investment LLC raised its holdings in TechnipFMC plc (NYSE:FTI) by 25,468.9% during the third quarter, HoldingsChannel reports. The firm owned 11,506 shares of the oil and gas company’s stock after buying an additional 11,461 shares during the period. Rothschild Investment LLC’s holdings in TechnipFMC were worth $454,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FTI. Blue Trust Inc. grew its holdings in shares of TechnipFMC by 5,475.0% during the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after buying an additional 657 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in TechnipFMC during the 2nd quarter worth approximately $44,000. McIlrath & Eck LLC grew its stake in shares of TechnipFMC by 476.3% in the 3rd quarter. McIlrath & Eck LLC now owns 1,239 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of TechnipFMC in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $50.06 on Friday. 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 plc has a one year low of $22.11 and a one year high of $50.44. The firm has a market capitalization of $20.25 billion, a P/E ratio of 22.35, a PEG ratio of 0.98 and a beta of 0.66. The company’s fifty day moving average is $45.01 and its two-hundred day moving average is $39.73.

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

TechnipFMC Dividend Announcement

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

TechnipFMC declared that its board has authorized a stock buyback 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 repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent research reports. Citigroup increased their price target on TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Piper Sandler upped their price objective on shares of TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TechnipFMC in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of TechnipFMC from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Finally, Zacks Research cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.46.

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.