Jefferies Financial Group Inc. Purchases Shares of 20,398 TechnipFMC plc $FTI

Jefferies Financial Group Inc. purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 20,398 shares of the oil and gas company’s stock, valued at approximately $909,000.

A number of other hedge funds have also bought and sold shares of FTI. Harbor Investment Advisory LLC acquired a new position in TechnipFMC during the 4th quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. acquired a new position in TechnipFMC during the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its stake in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in TechnipFMC during the 4th quarter valued at approximately $41,000. Finally, Torren Management LLC acquired a new position in TechnipFMC during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group upped their price target on shares of TechnipFMC from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. UBS Group set a $70.00 price target on shares of TechnipFMC in a research note on Friday, February 20th. Barclays upped their price target on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Piper Sandler upped their price target on shares of TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.00.

TechnipFMC Stock Up 0.7%

NYSE:FTI opened at $68.16 on Friday. The firm has a market capitalization of $27.17 billion, a P/E ratio of 26.01, a PEG ratio of 1.46 and a beta of 0.74. TechnipFMC plc has a 1-year low of $30.64 and a 1-year high of $77.78. The company’s fifty day moving average price is $71.64 and its 200-day moving average price is $59.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, equities research analysts anticipate that TechnipFMC plc will post 2.98 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio is presently 7.63%.

Insider Transactions at TechnipFMC

In other news, CAO David Light sold 6,622 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the sale, the chief accounting officer owned 5,005 shares in the company, valued at $312,462.15. This represents a 56.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the completion of the sale, the director owned 59,887 shares in the company, valued at $4,151,366.84. The trade was a 9.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,210,092 shares of company stock valued at $75,347,124. 1.40% of the stock is owned by corporate insiders.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.