Bank of Montreal Can Has $5.08 Million Stake in TechnipFMC PLC (FTI)

Bank of Montreal Can decreased its position in TechnipFMC PLC (NYSE:FTI) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,146 shares of the oil and gas company’s stock after selling 12,913 shares during the period. Bank of Montreal Can’s holdings in TechnipFMC were worth $5,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc grew its stake in shares of TechnipFMC by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 28,028,435 shares of the oil and gas company’s stock valued at $875,888,000 after buying an additional 240,890 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of TechnipFMC by 69.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 19,834,598 shares of the oil and gas company’s stock worth $388,362,000 after purchasing an additional 8,097,644 shares during the period. Norges Bank purchased a new position in shares of TechnipFMC during the 4th quarter worth approximately $210,592,000. Aviva PLC boosted its position in shares of TechnipFMC by 106.1% during the 4th quarter. Aviva PLC now owns 10,029,403 shares of the oil and gas company’s stock worth $202,577,000 after purchasing an additional 5,162,133 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of TechnipFMC by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 4,967,665 shares of the oil and gas company’s stock worth $97,077,000 after purchasing an additional 333,774 shares during the period. 70.30% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. ValuEngine cut shares of TechnipFMC from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $29.00 price objective on shares of TechnipFMC in a research report on Monday, April 29th. Wells Fargo & Co increased their price objective on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $23.45 price objective for the company in a research report on Friday, March 22nd. Finally, Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research report on Sunday, March 10th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company’s stock. TechnipFMC has an average rating of “Buy” and an average target price of $32.27.

TechnipFMC stock opened at $22.83 on Friday. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. TechnipFMC PLC has a 52-week low of $18.20 and a 52-week high of $34.39. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.13 billion. TechnipFMC had a positive return on equity of 2.23% and a negative net margin of 16.17%. TechnipFMC’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Equities analysts expect that TechnipFMC PLC will post 1.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, May 20th. This represents a $0.52 dividend on an annualized basis and a yield of 2.28%.

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TechnipFMC Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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