TechnipFMC plc (NYSE:FTI) Stake Raised by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in shares of TechnipFMC plc (NYSE:FTI) by 20.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,282 shares of the oil and gas company’s stock after purchasing an additional 733 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in TechnipFMC were worth $112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Whittier Trust Co. bought a new stake in TechnipFMC during the first quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 73.1% in the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 492 shares in the last quarter. ORG Partners LLC purchased a new stake in TechnipFMC in the 2nd quarter worth about $33,000. Quarry LP grew its stake in TechnipFMC by 76.6% during the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 768 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of TechnipFMC in the second quarter worth approximately $51,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on FTI shares. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup upped their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Susquehanna boosted their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.51.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $25.24 on Friday. The stock has a market capitalization of $10.81 billion, a P/E ratio of 53.70 and a beta of 1.50. The business has a 50-day moving average of $26.44 and a two-hundred day moving average of $25.96. TechnipFMC plc has a fifty-two week low of $18.33 and a fifty-two week high of $29.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, equities research analysts predict that TechnipFMC plc will post 1.34 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. TechnipFMC’s payout ratio is presently 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.