Williamson Legacy Group LLC Has $825,000 Stock Position in TechnipFMC plc $FTI

Williamson Legacy Group LLC decreased its position in TechnipFMC plc (NYSE:FTI) by 59.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,509 shares of the oil and gas company’s stock after selling 26,953 shares during the period. Williamson Legacy Group LLC’s holdings in TechnipFMC were worth $825,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC grew its holdings in shares of TechnipFMC by 38.0% in the 3rd quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after buying an additional 50,593 shares during the period. Lingohr Asset Management GmbH grew its holdings in shares of TechnipFMC by 461.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock valued at $8,375,000 after buying an additional 174,500 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of TechnipFMC by 80.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock valued at $125,144,000 after buying an additional 1,415,621 shares during the period. New York State Common Retirement Fund grew its holdings in shares of TechnipFMC by 8.4% in the 3rd quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock valued at $12,053,000 after buying an additional 23,600 shares during the period. Finally, Savvy Advisors Inc. acquired a new position in shares of TechnipFMC in the 3rd quarter valued at $708,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Activity at TechnipFMC

In other news, CFO Alf Melin sold 83,721 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $61.83, for a total transaction of $5,176,469.43. Following the completion of the transaction, the chief financial officer directly owned 282,537 shares in the company, valued at $17,469,262.71. This represents a 22.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Luana Duffe sold 47,951 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the transaction, the executive vice president owned 78,871 shares of the company’s stock, valued at approximately $4,923,916.53. This represents a 37.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,210,092 shares of company stock worth $75,347,124. Corporate insiders own 1.40% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $71.35 on Wednesday. The firm has a market cap of $28.45 billion, a PE ratio of 27.23, a PEG ratio of 1.53 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 1-year low of $29.62 and a 1-year high of $77.78. The company has a fifty day moving average price of $71.46 and a 200 day moving average price of $58.95.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS. Research analysts predict that TechnipFMC plc will post 2.98 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, June 3rd. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, May 19th. TechnipFMC’s dividend payout ratio is currently 7.63%.

Analyst Upgrades and Downgrades

FTI has been the subject of several research analyst reports. TD Cowen reissued a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. Citigroup boosted their price target on shares of TechnipFMC from $48.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, February 26th. BMO Capital Markets upped their target price on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. Susquehanna upped their target price on shares of TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.00.

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.