TechnipFMC plc (NYSE:FTI) Shares Bought by Creative Planning

Creative Planning grew its stake in shares of TechnipFMC plc (NYSE:FTI) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,392 shares of the oil and gas company’s stock after acquiring an additional 546 shares during the period. Creative Planning’s holdings in TechnipFMC were worth $455,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Whittier Trust Co. acquired a new position in shares of TechnipFMC in the 1st quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in shares of TechnipFMC by 73.1% in 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 during the period. ORG Partners LLC acquired a new position in shares of TechnipFMC in the 2nd quarter valued at about $33,000. Quarry LP boosted its holdings in shares of TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 768 shares during the period. Finally, Crewe Advisors LLC acquired a new position in shares of TechnipFMC in the 2nd quarter valued at about $51,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

TechnipFMC Stock Performance

Shares of FTI opened at $26.29 on Wednesday. The company’s fifty day moving average is $26.19 and its 200-day moving average is $26.21. TechnipFMC plc has a 12 month low of $18.33 and a 12 month high of $29.85. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 55.94 and a beta of 1.50. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

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

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s payout ratio is 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.