Everpar Advisors LLC Makes New $982,000 Investment in TechnipFMC plc (NYSE:FTI)

Everpar Advisors LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 48,761 shares of the oil and gas company’s stock, valued at approximately $982,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of TechnipFMC by 320.3% in the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after buying an additional 30,323,011 shares during the period. Invesco Ltd. boosted its holdings in shares of TechnipFMC by 75.7% during the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after buying an additional 5,587,050 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TechnipFMC by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company’s stock worth $207,764,000 after purchasing an additional 593,828 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of TechnipFMC by 161.9% in the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock worth $108,048,000 after purchasing an additional 3,283,972 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of TechnipFMC by 68.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock worth $81,380,000 after purchasing an additional 1,629,170 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FTI shares. Piper Sandler increased their price target on TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday. Barclays raised their target price on TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Benchmark reaffirmed a “buy” rating and set a $30.00 target price on shares of TechnipFMC in a research report on Friday, April 26th. Bank of America raised their target price on TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Susquehanna raised their target price on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday, April 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.21.

TechnipFMC Price Performance

NYSE FTI traded down $0.13 during trading hours on Wednesday, hitting $26.59. The company had a trading volume of 3,237,939 shares, compared to its average volume of 4,596,581. TechnipFMC plc has a 52 week low of $13.11 and a 52 week high of $27.26. The firm has a 50 day simple moving average of $24.92 and a 200 day simple moving average of $21.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.16. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 56.87 and a beta of 1.62.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts expect that TechnipFMC plc will post 1.16 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.75%. TechnipFMC’s dividend payout ratio is currently 42.55%.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the sale, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

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.