David Light Sells 5,928 Shares of TechnipFMC plc (NYSE:FTI) Stock

TechnipFMC plc (NYSE:FTI) CAO David Light sold 5,928 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total value of $153,001.68. Following the sale, the chief accounting officer now owns 11,534 shares in the company, valued at approximately $297,692.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

TechnipFMC Stock Up 0.8 %

Shares of NYSE:FTI opened at $26.15 on Friday. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 55.64 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.16 and a quick ratio of 0.87. The business’s 50-day moving average is $25.67 and its 200-day moving average is $23.07. TechnipFMC plc has a 1 year low of $15.89 and a 1 year high of $27.30.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC’s revenue was up 18.9% compared to the same quarter last year. Equities research analysts predict that TechnipFMC plc will post 1.18 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, May 20th. TechnipFMC’s payout ratio is 42.55%.

Analyst Ratings Changes

A number of brokerages recently weighed in on FTI. Benchmark restated a “buy” rating and set a $30.00 price objective on shares of TechnipFMC in a research report on Friday, April 26th. Susquehanna boosted their price objective on TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday, April 28th. Barclays lifted their target price on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Finally, Piper Sandler lifted their target price on TechnipFMC from $30.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.21.

Institutional Trading of TechnipFMC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTI. Parkside Financial Bank & Trust bought a new stake in TechnipFMC in the 3rd quarter valued at about $29,000. Whittier Trust Co. bought a new stake in TechnipFMC during the 1st quarter worth approximately $29,000. Johnson Financial Group Inc. bought a new stake in TechnipFMC during the 4th quarter worth approximately $33,000. Quarry LP increased its holdings in TechnipFMC by 76.6% during the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 768 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in TechnipFMC during the 4th quarter worth approximately $45,000. 96.58% of the stock is owned by institutional investors.

About TechnipFMC

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.