TechnipFMC plc $FTI Stock Holdings Lessened by Beck Bode LLC

Beck Bode LLC reduced its holdings in TechnipFMC plc (NYSE:FTI) by 4.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,100 shares of the oil and gas company’s stock after selling 1,392 shares during the quarter. Beck Bode LLC’s holdings in TechnipFMC were worth $890,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in shares of TechnipFMC in the 1st quarter worth about $33,000. Financial Network Wealth Advisors LLC lifted its position 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 purchasing an additional 346 shares during the last quarter. Brooklyn Investment Group lifted its position 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 purchasing an additional 2,061 shares during the last quarter. Quarry LP lifted its position in TechnipFMC by 95.9% in the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,248 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in TechnipFMC by 346.7% in the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company’s stock valued at $92,000 after purchasing an additional 2,219 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Susquehanna lifted 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. Wall Street Zen upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Evercore ISI lifted their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.92.

TechnipFMC Stock Up 0.9%

FTI stock opened at $36.59 on Thursday. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $38.05. The company has a market capitalization of $15.04 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.16 and a beta of 1.04. The firm’s 50-day moving average is $35.03 and its two-hundred day moving average is $31.23. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.

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

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC’s payout ratio is currently 9.43%.

Insider Activity

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

TechnipFMC Company 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.