Focus Partners Advisor Solutions LLC Has $2.95 Million Position in TechnipFMC plc $FTI

Focus Partners Advisor Solutions LLC increased its holdings in shares of TechnipFMC plc (NYSE:FTI) by 19.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,266 shares of the oil and gas company’s stock after acquiring an additional 10,670 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in TechnipFMC were worth $2,953,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FTI. Focus Partners Wealth increased its holdings in shares of TechnipFMC by 27.2% during the 1st quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after acquiring an additional 5,161 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of TechnipFMC by 76.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after acquiring an additional 6,381 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of TechnipFMC by 132.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,449 shares of the oil and gas company’s stock worth $188,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Ossiam increased its holdings in shares of TechnipFMC by 52.0% during the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 546 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of research reports. Zacks Research lowered TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. Finally, Susquehanna upped their price objective on TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

TechnipFMC Stock Performance

NYSE:FTI opened at $70.13 on Thursday. The stock has a fifty day moving average price of $71.62 and a 200-day moving average price of $60.89. The company has a market cap of $27.96 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.47 and a beta of 0.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.13. TechnipFMC plc has a fifty-two week low of $31.88 and a fifty-two week high of $77.78.

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

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, May 19th. TechnipFMC’s dividend payout ratio is presently 7.63%.

Insider Buying and Selling at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the completion of the sale, the director directly owned 59,887 shares in the company, valued at approximately $4,151,366.84. This represents a 9.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

TechnipFMC 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.