Crewe Advisors LLC Takes $51,000 Position in TechnipFMC plc (NYSE:FTI)

Crewe Advisors LLC acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,963 shares of the oil and gas company’s stock, valued at approximately $51,000.

Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. acquired a new position in TechnipFMC in the 1st quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in TechnipFMC by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after buying an additional 492 shares during the period. ORG Partners LLC acquired a new position in TechnipFMC in the 2nd quarter worth approximately $33,000. Johnson Financial Group Inc. acquired a new position in TechnipFMC in the 4th quarter worth approximately $33,000. Finally, Quarry LP increased its holdings in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after buying an additional 768 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Susquehanna increased their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Citigroup increased their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Piper Sandler raised their price objective on shares of TechnipFMC from $30.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.38.

Insider Activity

In related news, CAO David Light sold 5,928 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction of $153,001.68. Following the sale, the chief accounting officer now directly owns 11,534 shares in the company, valued at $297,692.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.06% of the company’s stock.

TechnipFMC Trading Down 0.2 %

Shares of NYSE FTI traded down $0.06 during midday trading on Friday, reaching $26.84. 2,750,629 shares of the stock were exchanged, compared to its average volume of 4,044,960. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a market capitalization of $11.57 billion, a P/E ratio of 56.45 and a beta of 1.52. The company has a 50 day simple moving average of $26.83 and a 200 day simple moving average of $25.33. TechnipFMC plc has a twelve month low of $18.33 and a twelve month high of $29.85.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, equities analysts expect that TechnipFMC plc will post 1.22 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Tuesday, August 20th. TechnipFMC’s dividend payout ratio is currently 42.55%.

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.