United Capital Financial Advisors LLC Buys Shares of 7,844 TechnipFMC plc $FTI

United Capital Financial Advisors LLC bought a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,844 shares of the oil and gas company’s stock, valued at approximately $520,000.

A number of other hedge funds have also recently made changes to their positions in the stock. ANB Bank grew its stake in shares of TechnipFMC by 3.4% in the 1st quarter. ANB Bank now owns 4,903 shares of the oil and gas company’s stock worth $339,000 after buying an additional 161 shares during the last quarter. PFG Investments LLC raised its stake in TechnipFMC by 2.4% during the first quarter. PFG Investments LLC now owns 7,160 shares of the oil and gas company’s stock valued at $495,000 after buying an additional 165 shares during the last quarter. Independent Advisor Alliance boosted its holdings in TechnipFMC by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 61,262 shares of the oil and gas company’s stock worth $2,730,000 after acquiring an additional 184 shares in the last quarter. Evolve Private Wealth LLC grew its stake in shares of TechnipFMC by 0.7% in the first quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company’s stock worth $2,411,000 after acquiring an additional 227 shares during the last quarter. Finally, Caerus Investment Advisors LLC increased its holdings in shares of TechnipFMC by 1.1% during the first quarter. Caerus Investment Advisors LLC now owns 24,025 shares of the oil and gas company’s stock valued at $1,661,000 after acquiring an additional 259 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FTI. Barclays lifted their price target on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. UBS Group set a $80.00 target price on shares of TechnipFMC in a report on Wednesday, June 3rd. Citigroup upped their target price on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Wall Street Zen cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.64.

TechnipFMC Trading Up 3.2%

TechnipFMC stock opened at $78.27 on Tuesday. TechnipFMC plc has a one year low of $35.29 and a one year high of $80.55. The business’s fifty day moving average is $72.29 and its 200 day moving average is $70.06. The stock has a market capitalization of $30.69 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. On average, sell-side analysts predict that TechnipFMC plc will post 3.09 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, August 18th. TechnipFMC’s payout ratio is presently 6.94%.

Insiders Place Their Bets

In related news, Director Eric D. Mullins bought 6,365 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the acquisition, the director owned 8,070 shares of the company’s stock, valued at $633,898.50. This trade represents a 373.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.