Axxcess Wealth Management LLC Invests $358,000 in TechnipFMC plc $FTI

Axxcess Wealth Management LLC acquired a new position in TechnipFMC plc (NYSE:FTI) in the 4th quarter, HoldingsChannel reports. The firm acquired 8,044 shares of the oil and gas company’s stock, valued at approximately $358,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FTI. Independent Advisor Alliance grew its holdings in shares of TechnipFMC by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock valued at $2,730,000 after acquiring an additional 184 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of TechnipFMC by 3.0% in the fourth quarter. Personal CFO Solutions LLC now owns 7,759 shares of the oil and gas company’s stock valued at $346,000 after acquiring an additional 225 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of TechnipFMC by 8.6% in the fourth quarter. True Wealth Design LLC now owns 4,495 shares of the oil and gas company’s stock valued at $200,000 after acquiring an additional 357 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of TechnipFMC by 1.5% in the third quarter. Hantz Financial Services Inc. now owns 24,019 shares of the oil and gas company’s stock valued at $948,000 after acquiring an additional 365 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on FTI shares. Susquehanna upped their target price on TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and issued a $83.00 target price on shares of TechnipFMC in a report on Friday, May 1st. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Zacks Research lowered TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, UBS Group set a $70.00 price objective on TechnipFMC in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and an average target price of $69.00.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, insider Jonathan Landes sold 116,194 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the completion of the transaction, the insider directly owned 71,356 shares of the company’s stock, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alf Melin sold 83,721 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $61.83, for a total value of $5,176,469.43. Following the sale, the chief financial officer owned 282,537 shares in the company, valued at approximately $17,469,262.71. This represents a 22.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,210,092 shares of company stock valued at $75,347,124 in the last quarter. Insiders own 1.40% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $67.34 on Thursday. The stock has a fifty day simple moving average of $71.53 and a two-hundred day simple moving average of $59.13. TechnipFMC plc has a 1-year low of $30.13 and a 1-year high of $77.78. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13.

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

TechnipFMC Dividend Announcement

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

TechnipFMC Company Profile

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.