48,761 Shares in TechnipFMC plc (NYSE:FTI) Purchased by Everpar Advisors LLC

Everpar Advisors LLC purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 48,761 shares of the oil and gas company’s stock, valued at approximately $982,000.

Several other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in TechnipFMC by 0.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock valued at $2,571,000 after buying an additional 660 shares in the last quarter. Fulton Bank N.A. grew its holdings in TechnipFMC by 6.8% during the 4th quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 683 shares in the last quarter. Janney Capital Management LLC grew its holdings in TechnipFMC by 2.8% during the 3rd quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock valued at $546,000 after buying an additional 722 shares in the last quarter. Dfpg Investments LLC grew its holdings in TechnipFMC by 2.4% during the 4th quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock valued at $623,000 after buying an additional 738 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in TechnipFMC by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 192,800 shares of the oil and gas company’s stock valued at $3,922,000 after buying an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Down 0.5 %

Shares of NYSE:FTI traded down $0.13 on Wednesday, reaching $26.59. The company had a trading volume of 3,237,939 shares, compared to its average volume of 4,596,581. TechnipFMC plc has a 52-week low of $13.11 and a 52-week high of $27.26. The firm’s 50 day simple moving average is $24.92 and its 200-day simple moving average is $21.84. The firm has a market capitalization of $11.46 billion, a PE ratio of 56.87 and a beta of 1.62. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.96 billion. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. As a group, analysts expect that TechnipFMC plc will post 1.16 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Analyst Ratings Changes

A number of equities analysts have recently commented on FTI shares. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday, April 28th. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a research report on Friday, February 23rd. Piper Sandler lifted their target price on TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday. Susquehanna lifted their target price on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Finally, TD Cowen lifted their target price on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, TechnipFMC presently has an average rating of “Moderate Buy” and an average price target of $27.21.

Insider Buying and Selling

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.93% of the stock is owned by company insiders.

TechnipFMC Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.