LS Investment Advisors LLC Increases Position in TechnipFMC PLC (NYSE:FTI)

LS Investment Advisors LLC lifted its stake in shares of TechnipFMC PLC (NYSE:FTI) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,834 shares of the oil and gas company’s stock after purchasing an additional 1,103 shares during the quarter. LS Investment Advisors LLC’s holdings in TechnipFMC were worth $702,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its holdings in TechnipFMC by 25.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 98,231 shares of the oil and gas company’s stock valued at $2,311,000 after acquiring an additional 20,052 shares during the period. Brinker Capital Inc. bought a new position in TechnipFMC during the 1st quarter valued at approximately $324,000. Nisa Investment Advisors LLC increased its position in TechnipFMC by 6.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,400 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 514 shares in the last quarter. Sciencast Management LP bought a new stake in shares of TechnipFMC in the 1st quarter worth $214,000. Finally, Retirement Systems of Alabama increased its holdings in shares of TechnipFMC by 0.6% in the 1st quarter. Retirement Systems of Alabama now owns 198,120 shares of the oil and gas company’s stock worth $4,660,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 70.30% of the company’s stock.

Shares of FTI stock traded down $0.54 during trading hours on Wednesday, hitting $22.98. The stock had a trading volume of 3,279,671 shares, compared to its average volume of 4,001,650. TechnipFMC PLC has a one year low of $18.20 and a one year high of $33.60. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.87 and a beta of 1.25.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.24). TechnipFMC had a positive return on equity of 2.23% and a negative net margin of 16.17%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, research analysts predict that TechnipFMC PLC will post 1.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.52 annualized dividend and a dividend yield of 2.26%.

A number of equities analysts have recently issued reports on FTI shares. Piper Jaffray Companies restated a “buy” rating and issued a $29.00 price target on shares of TechnipFMC in a research note on Monday, April 29th. Wells Fargo & Co boosted their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. ValuEngine upgraded TechnipFMC from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. BNP Paribas upgraded TechnipFMC from an “underperform” rating to a “neutral” rating in a research report on Tuesday, January 22nd. Finally, HSBC upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $23.45 price objective on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.80.

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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.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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