1 day Ago By ABMN Staff
Federated Hermes Inc. lessened its stake in shares of TechnipFMC plc ( NYSE:FTI – Free Report ) by 20.7% during the second quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 249,697 shares of the oil and gas company’s stock after selling 65,039 shares during the quarter. Federated Hermes Inc. owned approximately 0.
06% of TechnipFMC worth $6,530,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co.
bought a new stake in shares of TechnipFMC in the first quarter worth $29,000. GAMMA Investing LLC lifted its holdings in TechnipFMC by 73.1% in the second quarter.
GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 492 shares during the period. ORG Partners LLC acquired a new position in TechnipFMC in the second quarter valued at $33,000. Johnson Financial Group Inc.
acquired a new position in TechnipFMC in the fourth quarter valued at $33,000. Finally, Quarry LP lifted its holdings in TechnipFMC by 76.6% in the fourth quarter.
Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 768 shares during the period. Institutional investors own 96.58% of the company’s stock.
Insiders Place Their Bets In other TechnipFMC news, CAO David Light sold 5,928 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.
68. Following the completion of the sale, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at approximately $297,692.54.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . 1.06% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth View Our Latest Research Report on FTI TechnipFMC Trading Up 2.1 % NYSE:FTI opened at $25.49 on Wednesday.
The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.
84. The firm has a 50-day moving average of $26.56 and a 200-day moving average of $25.
76. The company has a market cap of $10.98 billion, a PE ratio of 54.
22 and a beta of 1.50. TechnipFMC plc has a one year low of $18.
33 and a one year high of $29.85. TechnipFMC ( NYSE:FTI – Get Free Report ) last posted its earnings results on Thursday, July 25th.
The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.31 by $0.
12. TechnipFMC had a net margin of 5.72% and a return on equity of 14.
36%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.
23 billion. During the same period in the previous year, the firm posted $0.10 earnings per share.
The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities research analysts expect that TechnipFMC plc will post 1.
34 EPS for the current fiscal year. TechnipFMC Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a $0.
05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.
78%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s payout ratio is 42.
55%. TechnipFMC Company Profile ( Free Report ) 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. See Also Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter .
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