TechnipFMC plc (NYSE:FTI) Position Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in TechnipFMC plc (NYSE:FTI) by 414.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,089 shares of the oil and gas company’s stock after acquiring an additional 2,489 shares during the period. Farther Finance Advisors LLC’s holdings in TechnipFMC were worth $81,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of TechnipFMC by 203.6% in the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 735 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 492 shares in the last quarter. ORG Partners LLC acquired a new position in shares of TechnipFMC in the second quarter worth $33,000. Finally, Crewe Advisors LLC acquired a new position in TechnipFMC in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, October 29th. Susquehanna lifted their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the company a “positive” rating in a research note on Friday, October 25th. Bank of America increased their target price on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Hsbc Global Res raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, TD Cowen upped their price target on TechnipFMC from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $33.30.

TechnipFMC Trading Up 0.4 %

Shares of FTI stock opened at $29.14 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1 year low of $18.33 and a 1 year high of $29.85. The firm’s fifty day simple moving average is $26.33 and its 200 day simple moving average is $26.31. The firm has a market capitalization of $12.40 billion, a P/E ratio of 19.17 and a beta of 1.51.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts predict that TechnipFMC plc will post 1.47 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. TechnipFMC’s dividend payout ratio is currently 13.16%.

TechnipFMC declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.