TechnipFMC plc (NYSE:FTI) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC grew its holdings in TechnipFMC plc (NYSE:FTI) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 113,624 shares of the oil and gas company’s stock after acquiring an additional 1,714 shares during the quarter. Pathstone Holdings LLC’s holdings in TechnipFMC were worth $2,980,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Blue Trust Inc. grew its position in TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 735 shares during the last quarter. GAMMA Investing LLC increased its position 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 acquiring an additional 492 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of TechnipFMC in the 3rd quarter valued at $30,000. ORG Partners LLC acquired a new stake in TechnipFMC during the 2nd quarter worth about $33,000. Finally, Crewe Advisors LLC purchased a new stake in TechnipFMC during the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Up 2.7 %

Shares of FTI opened at $30.83 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a market cap of $13.12 billion, a P/E ratio of 20.28 and a beta of 1.51. The stock’s 50 day moving average is $27.10 and its two-hundred day moving average is $26.47. TechnipFMC plc has a 12 month low of $18.33 and a 12 month high of $30.91.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts predict that TechnipFMC plc will post 1.56 earnings per share for the current fiscal year.

TechnipFMC declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. TechnipFMC’s dividend payout ratio (DPR) is presently 13.16%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada started coverage on shares of TechnipFMC in a report on Monday, November 18th. They issued an “outperform” rating and a $37.00 price objective on the stock. Citigroup boosted their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Susquehanna increased their price target on TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $33.91.

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.