8,383 Shares in TechnipFMC plc (NYSE:FTI) Bought by Sivia Capital Partners LLC

Sivia Capital Partners LLC purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) during the first quarter, HoldingsChannel reports. The fund purchased 8,383 shares of the oil and gas company’s stock, valued at approximately $266,000.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in TechnipFMC in the 4th quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in TechnipFMC in the 4th quarter worth $46,000. EverSource Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 563 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FTI shares. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Wall Street Zen upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Piper Sandler raised their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Sanford C. Bernstein downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research note on Thursday, May 22nd. Finally, Barclays increased their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.46.

TechnipFMC Stock Up 2.5%

NYSE:FTI opened at $32.59 on Monday. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 21.44 and a beta of 1.06. The stock has a fifty day simple moving average of $28.55 and a 200-day simple moving average of $29.57. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45. 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 (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the company posted $0.22 EPS. TechnipFMC’s quarterly revenue was up 9.4% compared to the same quarter last year. Analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a $0.05 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.61%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.53%.

Insiders Place Their Bets

In other news, CAO David Light sold 10,147 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by corporate 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.