Pallas Capital Advisors LLC Has $1.61 Million Stock Position in TechnipFMC plc $FTI

Pallas Capital Advisors LLC trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,757 shares of the oil and gas company’s stock after selling 8,457 shares during the quarter. Pallas Capital Advisors LLC’s holdings in TechnipFMC were worth $1,610,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC during the 1st quarter worth approximately $33,000. 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 valued at $35,000 after buying an additional 340 shares during the period. Financial Network Wealth Advisors LLC raised its holdings in TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 346 shares in the last quarter. Brooklyn Investment Group raised its holdings in TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 2,061 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of TechnipFMC by 27.0% in the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company’s stock worth $91,000 after purchasing an additional 614 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Activity at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the sale, the director owned 62,978 shares in the company, valued at $2,337,743.36. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

TechnipFMC Price Performance

Shares of FTI opened at $39.24 on Friday. The business’s 50 day moving average price is $36.34 and its two-hundred day moving average price is $32.23. The firm has a market cap of $16.13 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $41.29.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. TechnipFMC’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC’s dividend payout ratio is 9.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FTI. Evercore ISI raised their price target on TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Barclays upped their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Susquehanna boosted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, July 25th. Finally, BTIG Research lowered TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $38.92.

TechnipFMC Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.