BofA update shows where active managers are putting money
In a recent transaction, Eleazar de Carvalho Filho, a director at TechnipFMC plc (NYSE:FTI), a $12.75 billion energy technology company that has delivered an impressive 18.62% return over the past year, sold 9,381 ordinary shares of the company. The shares were sold at a price of $29.76 each, amounting to a total transaction value of $279,178. Following this sale, de Carvalho Filho retains ownership of 100,951 shares in the company. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, dated March 24, 2025. According to InvestingPro, TechnipFMC maintains a "GREAT" financial health score and is currently trading slightly below its Fair Value. InvestingPro analysis reveals multiple additional insights, including the company’s strong five-year performance record, available in the comprehensive Pro Research Report.
In other recent news, TechnipFMC reported impressive financial results for the fourth quarter of 2024, surpassing market expectations. The company achieved earnings per share of $0.54, significantly higher than the forecasted $0.35, and reported revenues of $2.37 billion, exceeding the anticipated $2.3 billion. Additionally, TechnipFMC secured a major contract exceeding $1 billion from Shell for the Gato do Mato project offshore Brazil, and another significant contract valued between $500 million and $1 billion from Equinor for the Johan Sverdrup oil field in the North Sea. These contracts will be included in the company’s first-quarter inbound orders for 2025.
TD Cowen analysts have raised their price target for TechnipFMC to $38, maintaining a Buy rating, following the company’s strong quarterly performance and positive outlook for 2025. The analysts noted the firm’s robust order intake and strategic outlook as key factors for the upgrade. Furthermore, TechnipFMC launched its innovative Subsea 2.0 product architecture, contributing to its strong operational performance and strategic initiatives. The company also received investment-grade ratings from all three major agencies, reinforcing confidence in its financial stability and future growth prospects. These developments highlight TechnipFMC’s ongoing efforts to enhance its market position and operational efficiency in the energy sector.
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