TechnipFMC plc (NYSE:FTI) Stake Raised by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its holdings in shares of TechnipFMC plc (NYSE:FTI) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,439,595 shares of the oil and gas company’s stock after purchasing an additional 27,884 shares during the quarter. TechnipFMC makes up about 1.6% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 7th biggest position. Stephens Investment Management Group LLC’s holdings in TechnipFMC were worth $109,001,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FTI. Steward Partners Investment Advisory LLC lifted its stake in shares of TechnipFMC by 106.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 1,047 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TechnipFMC during the 4th quarter worth $9,152,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of TechnipFMC by 17.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,578 shares of the oil and gas company’s stock worth $3,152,000 after buying an additional 17,084 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of TechnipFMC by 176.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 41,400 shares of the oil and gas company’s stock worth $1,198,000 after buying an additional 26,400 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of TechnipFMC by 39.1% during the 4th quarter. HighTower Advisors LLC now owns 33,090 shares of the oil and gas company’s stock worth $958,000 after buying an additional 9,296 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Up 0.8%

Shares of TechnipFMC stock opened at $35.66 on Friday. The business has a 50-day moving average of $32.64 and a 200-day moving average of $30.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. The company has a market capitalization of $14.95 billion, a PE ratio of 18.77, a P/E/G ratio of 1.20 and a beta of 1.07. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $35.86.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. As a group, equities analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Tuesday, May 20th. TechnipFMC’s dividend payout ratio is presently 10.53%.

Analyst Ratings Changes

A number of analysts have recently commented on FTI shares. Barclays upped their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Citigroup restated a “buy” rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a report on Thursday. Wall Street Zen downgraded TechnipFMC from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Susquehanna upped their price objective on TechnipFMC from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Tuesday, July 1st. Finally, Sanford C. Bernstein downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price target for the company. in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TechnipFMC has a consensus rating of “Moderate Buy” and a consensus price target of $37.31.

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.