Genus Capital Management Inc. Has $2.57 Million Stock Holdings in TechnipFMC plc $FTI

Genus Capital Management Inc. trimmed its position in TechnipFMC plc (NYSE:FTI) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,700 shares of the oil and gas company’s stock after selling 30,700 shares during the quarter. Genus Capital Management Inc.’s holdings in TechnipFMC were worth $2,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance grew its holdings in TechnipFMC by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock valued at $2,730,000 after buying an additional 184 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in shares of TechnipFMC by 3.0% during the 4th quarter. Personal CFO Solutions LLC now owns 7,759 shares of the oil and gas company’s stock worth $346,000 after purchasing an additional 225 shares in the last quarter. Geneos Wealth Management Inc. grew 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 purchasing an additional 340 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of TechnipFMC by 8.6% during the 4th quarter. True Wealth Design LLC now owns 4,495 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 357 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of TechnipFMC by 1.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 24,019 shares of the oil and gas company’s stock worth $948,000 after purchasing an additional 365 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

NYSE:FTI opened at $71.09 on Monday. The stock’s 50-day simple moving average is $71.12 and its 200 day simple moving average is $58.54. The firm has a market capitalization of $28.35 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a twelve month low of $28.89 and a twelve month high of $77.78.

TechnipFMC (NYSE:FTI) last released 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. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.TechnipFMC’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.33 earnings per share. On average, analysts anticipate that TechnipFMC plc will post 2.98 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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

Wall Street Analysts Forecast Growth

FTI has been the topic of several analyst reports. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Susquehanna increased their target price on TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a report on Friday, May 1st. BMO Capital Markets increased their target price on TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a report on Monday, February 23rd. UBS Group set a $70.00 target price on TechnipFMC in a report on Friday, February 20th. Finally, Barclays increased their target price on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Insiders Place Their Bets

In related news, insider Jonathan Landes sold 116,194 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.20, for a total value of $7,227,266.80. Following the sale, the insider directly owned 71,356 shares of the company’s stock, valued at $4,438,343.20. This trade represents a 61.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO David Light sold 6,622 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the completion of the sale, the chief accounting officer directly owned 5,005 shares in the company, valued at $312,462.15. This trade represents a 56.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,216,442 shares of company stock valued at $75,762,414 over the last ninety days. 1.40% of the stock is owned by insiders.

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.