Peregrine Capital Management LLC Buys 11,086 Shares of TechnipFMC plc $FTI

Peregrine Capital Management LLC lifted its stake in TechnipFMC plc (NYSE:FTI) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,468 shares of the oil and gas company’s stock after buying an additional 11,086 shares during the quarter. Peregrine Capital Management LLC owned about 0.09% of TechnipFMC worth $16,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTI. Focus Partners Wealth raised its position 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 valued at $764,000 after purchasing an additional 5,161 shares during the period. Geneos Wealth Management Inc. boosted its stake 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 worth $35,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC grew its position in shares of TechnipFMC by 76.1% during the second quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 6,381 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 valued at $188,000 after purchasing an additional 3,105 shares during the period. Finally, Ossiam raised its stake in TechnipFMC by 52.0% during the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 546 shares during the period. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Up 2.2%

Shares of NYSE:FTI traded up $1.60 during trading on Thursday, reaching $73.83. The company’s stock had a trading volume of 133,946 shares, compared to its average volume of 3,845,728. The firm’s 50 day simple moving average is $67.44 and its two-hundred day simple moving average is $53.52. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. TechnipFMC plc has a 12 month low of $25.70 and a 12 month high of $75.52. The stock has a market capitalization of $29.65 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.71.

TechnipFMC (NYSE:FTI) last announced its earnings results on Saturday, February 14th. The oil and gas company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that TechnipFMC plc will post 2.92 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s payout ratio is 8.66%.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent analyst reports. UBS Group set a $70.00 price target on TechnipFMC in a research note on Friday, February 20th. Susquehanna boosted their target price on shares of TechnipFMC from $82.00 to $83.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Piper Sandler upped their target price on shares of TechnipFMC from $70.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada raised their target price on shares of TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, The Goldman Sachs Group boosted their price target on shares of TechnipFMC from $66.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $61.73.

Insiders Place Their Bets

In related news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $69.32, for a total value of $440,182.00. Following the sale, the director directly owned 59,887 shares of the company’s stock, valued at $4,151,366.84. This represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Luana Duffe sold 47,951 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $2,993,580.93. Following the transaction, the executive vice president directly owned 78,871 shares in the company, valued at approximately $4,923,916.53. This represents a 37.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is currently owned by company insiders.

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.