7,753 Shares in TechnipFMC plc $FTI Purchased by Brand Asset Management Group Inc.

Brand Asset Management Group Inc. purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,753 shares of the oil and gas company’s stock, valued at approximately $306,000.

Several other large investors have also recently added to or reduced their stakes in FTI. Boston Partners raised its stake in shares of TechnipFMC by 267.5% in the second quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company’s stock valued at $333,041,000 after acquiring an additional 7,038,640 shares during the last quarter. Norges Bank bought a new position in TechnipFMC in the 2nd quarter valued at $151,413,000. Pacer Advisors Inc. raised its position in TechnipFMC by 91.5% in the 3rd quarter. Pacer Advisors Inc. now owns 3,837,314 shares of the oil and gas company’s stock valued at $151,382,000 after purchasing an additional 1,833,601 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TechnipFMC by 80.6% during the third quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock worth $125,144,000 after purchasing an additional 1,415,621 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of TechnipFMC by 61.6% during the second quarter. Qube Research & Technologies Ltd now owns 3,399,955 shares of the oil and gas company’s stock worth $117,094,000 after purchasing an additional 1,296,358 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Down 1.5%

Shares of FTI stock opened at $66.26 on Friday. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $67.55. 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 firm has a fifty day moving average of $54.51 and a 200-day moving average of $45.31. The company has a market capitalization of $26.51 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 1.29 and a beta of 0.69.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.19. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. As a group, equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be given 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 of this dividend is Tuesday, March 17th. TechnipFMC’s payout ratio is currently 8.66%.

Analysts Set New Price Targets

FTI has been the topic of several research reports. BMO Capital Markets upped their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday. Piper Sandler increased their price target on shares of TechnipFMC from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Jefferies Financial Group raised their price target on shares of TechnipFMC from $47.00 to $50.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Finally, Susquehanna lifted their target price on TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.93.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 6,350 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $65.40, for a total value of $415,290.00. Following the completion of the transaction, the director owned 97,860 shares of the company’s stock, valued at approximately $6,400,044. This trade represents a 6.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

TechnipFMC 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.