Kopion Asset Management LLC Sells 8,113 Shares of TechnipFMC plc $FTI

Kopion Asset Management LLC trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI) by 7.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,053 shares of the oil and gas company’s stock after selling 8,113 shares during the period. TechnipFMC makes up about 4.2% of Kopion Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Kopion Asset Management LLC’s holdings in TechnipFMC were worth $6,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Focus Partners Wealth raised its stake in shares of TechnipFMC by 27.2% in the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after purchasing an additional 5,161 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of 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 valued at $35,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of TechnipFMC by 76.1% during the second quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock valued at $508,000 after buying an additional 6,381 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in TechnipFMC by 132.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,449 shares of the oil and gas company’s stock worth $188,000 after buying an additional 3,105 shares in the last quarter. Finally, Ossiam increased its holdings in TechnipFMC by 52.0% in 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 in the last quarter. Institutional investors own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

FTI has been the topic of several research analyst reports. Weiss Ratings cut shares of TechnipFMC from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday. Citigroup lifted their price target on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Susquehanna decreased their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada increased their price objective on shares of TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TechnipFMC currently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

TechnipFMC Stock Up 1.3%

TechnipFMC stock opened at $70.07 on Wednesday. The stock has a market cap of $27.48 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.45 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. TechnipFMC plc has a one year low of $34.27 and a one year high of $77.92. The stock has a fifty day moving average of $69.42 and a 200 day moving average of $67.36.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.TechnipFMC’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. As a group, sell-side analysts predict that TechnipFMC plc will post 3.02 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, August 18th. TechnipFMC’s dividend payout ratio is 6.94%.

About TechnipFMC

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.