Adams Natural Resources Fund Inc. Has $3.36 Million Stock Holdings in TechnipFMC plc $FTI

Adams Natural Resources Fund Inc. decreased its position in TechnipFMC plc (NYSE:FTI) by 22.6% during the first quarter, HoldingsChannel reports. The firm owned 48,600 shares of the oil and gas company’s stock after selling 14,200 shares during the quarter. Adams Natural Resources Fund Inc.’s holdings in TechnipFMC were worth $3,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of FTI. Harbor Investment Advisory LLC bought a new position in TechnipFMC in the 4th quarter worth $32,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC during the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its holdings in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in TechnipFMC in the 4th quarter valued at approximately $41,000. Finally, Torren Management LLC bought a new position in TechnipFMC in the 4th quarter worth approximately $45,000. 96.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FTI. Wall Street Zen upgraded TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup upped their target price on shares of TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Jefferies Financial Group reissued a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. Finally, The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

TechnipFMC Stock Down 3.9%

Shares of FTI opened at $64.44 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $70.39 and a two-hundred day moving average price of $62.59. The stock has a market cap of $25.69 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 1.38 and a beta of 0.69. TechnipFMC plc has a 12 month low of $31.88 and a 12 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. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. Equities analysts predict that TechnipFMC plc will post 2.98 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was 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.