Aventail Capital Group LP Takes Position in TechnipFMC plc $FTI

Aventail Capital Group LP acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 88,609 shares of the oil and gas company’s stock, valued at approximately $3,948,000.

Several other institutional investors have also modified their holdings of FTI. Harbor Investment Advisory LLC bought a new stake in TechnipFMC in the 4th quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC in the 3rd quarter valued at approximately $32,000. Geneos Wealth Management Inc. lifted its stake 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 acquiring an additional 340 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in TechnipFMC in the 4th quarter valued at approximately $41,000. Finally, Torren Management LLC bought a new stake in TechnipFMC in the 4th quarter valued at approximately $45,000. Institutional investors own 96.58% of the company’s stock.

Insiders Place Their Bets

In related news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total value of $440,182.00. Following the sale, the director 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

TechnipFMC Stock Up 0.4%

NYSE:FTI opened at $67.24 on Thursday. The firm has a market capitalization of $26.81 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 1.44 and a beta of 0.69. TechnipFMC plc has a twelve month low of $31.88 and a twelve month high of $77.78. The stock’s 50 day moving average price is $71.44 and its two-hundred day moving average price is $61.74. 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 (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The firm 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%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 EPS. Equities research analysts expect that TechnipFMC plc will post 2.98 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were paid 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%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. UBS Group set a $80.00 target price on TechnipFMC in a research note on Wednesday, June 3rd. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and boosted their target price for the company from $49.00 to $62.00 in a research note on Friday, February 20th. The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Zacks Research cut TechnipFMC from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.71.

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.