TechnipFMC (NYSE:FTI) Insider Thierry Conti Sells 6,000 Shares

TechnipFMC plc (NYSE:FTI) insider Thierry Conti sold 6,000 shares of TechnipFMC stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $71.85, for a total transaction of $431,100.00. Following the transaction, the insider directly owned 85,813 shares in the company, valued at approximately $6,165,664.05. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TechnipFMC Trading Up 0.6%

Shares of TechnipFMC stock traded up $0.45 during trading hours on Wednesday, hitting $71.27. The company’s stock had a trading volume of 2,202,197 shares, compared to its average volume of 4,051,663. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $27.95 billion, a PE ratio of 24.75, a P/E/G ratio of 1.42 and a beta of 0.74. The business has a fifty day moving average of $74.78 and a 200 day moving average of $71.40. TechnipFMC plc has a 1-year low of $35.29 and a 1-year high of $80.70.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. As a group, equities analysts forecast that TechnipFMC plc will post 3.17 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s payout ratio is 6.94%.

Institutional Investors Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its position in shares of TechnipFMC by 2.7% during the second quarter. Sequoia Financial Advisors LLC now owns 14,808 shares of the oil and gas company’s stock worth $982,000 after purchasing an additional 386 shares during the last quarter. Tidal Investments LLC grew its position in shares of TechnipFMC by 63.4% in the 2nd quarter. Tidal Investments LLC now owns 30,475 shares of the oil and gas company’s stock worth $2,020,000 after acquiring an additional 11,822 shares in the last quarter. National Pension Service bought a new stake in shares of TechnipFMC in the 2nd quarter valued at approximately $40,511,000. WINTON GROUP Ltd acquired a new stake in shares of TechnipFMC during the 2nd quarter valued at approximately $325,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in TechnipFMC by 36.1% in the second quarter. Integrated Wealth Concepts LLC now owns 76,883 shares of the oil and gas company’s stock worth $5,097,000 after purchasing an additional 20,406 shares during the period. Institutional investors own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group set a $80.00 target price on shares of TechnipFMC in a research report on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. Wall Street Zen downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Susquehanna cut their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.00.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.