Sanctuary Advisors LLC Purchases Shares of 7,906 TechnipFMC plc (NYSE:FTI)

Sanctuary Advisors LLC acquired a new position in TechnipFMC plc (NYSE:FTI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,906 shares of the oil and gas company’s stock, valued at approximately $210,000.

Several other large investors have also recently modified their holdings of FTI. Whittier Trust Co. purchased a new position in TechnipFMC in the first quarter worth $29,000. GAMMA Investing LLC increased its position in TechnipFMC by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 492 shares in the last quarter. ORG Partners LLC purchased a new stake in TechnipFMC in the second quarter valued at about $33,000. Crewe Advisors LLC acquired a new stake in TechnipFMC in the second quarter worth about $51,000. Finally, Fifth Third Bancorp grew its stake in shares of TechnipFMC by 7,374.2% during the second quarter. Fifth Third Bancorp now owns 2,317 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 2,286 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FTI has been the subject of a number of recent analyst reports. Bank of America lifted their target price on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Susquehanna lifted their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Citigroup upped their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BMO Capital Markets lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. Finally, StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, TechnipFMC has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $25.60 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 54.47 and a beta of 1.50. The firm’s 50 day simple moving average is $26.21 and its 200-day simple moving average is $26.21. TechnipFMC plc has a 12 month low of $18.33 and a 12 month high of $29.85.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business earned $0.10 earnings per share. Analysts expect that TechnipFMC plc will post 1.37 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. TechnipFMC’s dividend payout ratio is currently 42.55%.

TechnipFMC Company 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.