WEALTHFRONT Corp Purchases New Holdings in TechnipFMC PLC (FTI)

WEALTHFRONT Corp purchased a new stake in TechnipFMC PLC (NYSE:FTI) during the third quarter, HoldingsChannel.com reports. The firm purchased 19,941 shares of the oil and gas company’s stock, valued at approximately $623,000.

Several other large investors have also recently added to or reduced their stakes in FTI. Pinebridge Investments L.P. raised its position in shares of TechnipFMC by 270.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 2,755 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in shares of TechnipFMC by 25.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,881 shares of the oil and gas company’s stock valued at $469,000 after purchasing an additional 3,000 shares during the last quarter. Rhumbline Advisers raised its position in shares of TechnipFMC by 0.8% in the 2nd quarter. Rhumbline Advisers now owns 390,862 shares of the oil and gas company’s stock valued at $12,406,000 after purchasing an additional 3,149 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of TechnipFMC by 7.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 46,245 shares of the oil and gas company’s stock valued at $1,467,000 after purchasing an additional 3,383 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of TechnipFMC by 5.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 70,321 shares of the oil and gas company’s stock valued at $2,198,000 after purchasing an additional 3,496 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

FTI opened at $21.00 on Friday. TechnipFMC PLC has a 12-month low of $20.98 and a 12-month high of $35.00. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The company has a market cap of $10.12 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). TechnipFMC had a return on equity of 3.76% and a net margin of 1.42%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Analysts expect that TechnipFMC PLC will post 1.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, November 19th. TechnipFMC’s dividend payout ratio is presently 10.08%.

Several equities analysts recently commented on the stock. Cowen reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Monday, December 3rd. ValuEngine lowered shares of TechnipFMC from a “hold” rating to a “sell” rating in a research report on Thursday. Susquehanna Bancshares reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Friday, November 30th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, August 16th. Finally, Guggenheim reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Thursday, November 8th. Four analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. TechnipFMC presently has an average rating of “Hold” and an average price target of $36.24.

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TechnipFMC Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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