Andina Capital Management LLC Acquires Shares of 7,693 TechnipFMC plc $FTI

Andina Capital Management LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,693 shares of the oil and gas company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FTI. Independent Advisor Alliance grew its position in 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 during the last quarter. Personal CFO Solutions LLC increased its position in 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. Evolve Private Wealth LLC increased its position in TechnipFMC by 0.7% during the 1st quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company’s stock worth $2,411,000 after purchasing an additional 227 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in TechnipFMC by 5.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,266 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 262 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in TechnipFMC by 2.8% in the fourth quarter. Kestra Advisory Services LLC now owns 11,353 shares of the oil and gas company’s stock valued at $506,000 after buying an additional 305 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Down 1.7%

Shares of FTI opened at $66.25 on Wednesday. The stock’s 50-day moving average price is $70.86 and its two-hundred day moving average price is $62.31. TechnipFMC plc has a 12 month low of $31.88 and a 12 month high of $77.78. The company has a market capitalization of $26.41 billion, a PE ratio of 25.29, a PEG ratio of 1.45 and a beta of 0.69. 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 issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company 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 firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, analysts anticipate that TechnipFMC plc will post 2.98 EPS for the current year.

TechnipFMC Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup boosted their target price on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Barclays boosted their price objective on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Susquehanna lifted their price target on TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a research note on Friday, May 1st. Royal Bank Of Canada boosted their price target on TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research 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.com, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

About TechnipFMC

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.