Fluor Corporation is an American multinational engineering, procurement, construction, and maintenance company. It is one of the largest publicly traded engineering and construction companies in the world. It was founded in 1912 as a construction firm in California and has since grown to become a Fortune 500 company. The company provides services to a wide range of industries including oil and gas, power, industrial, infrastructure, and government. The company's stock price has been volatile over the years and has had some highs and lows. This article will take a look at the Fluor stock price history from the past few years.
Fluor Stock Price History in 2021
Fluor's stock price began 2021 at around $11.50 per share. By mid-February, the stock had risen to over $13.50 per share. This increase was driven by increasing investor confidence in the company's prospects. The company had reported better than expected earnings for the previous quarter and announced plans to increase its dividend by 15%. By March, the stock had reached its all-time high of $14.50 per share.
The stock price then began to decline, falling to around $13.00 per share by the end of May. This was due to a number of factors including concerns about the company's ability to win new contracts and rising costs in the oil and gas industry. The stock price then remained relatively stable for the rest of the year, ending 2021 at around $12.50 per share.
Fluor Stock Price History in 2022
Fluor's stock price started 2022 on a positive note, increasing to around $13.50 per share by early February. This was due to the company's increased focus on renewable energy projects, which investors saw as a promising business opportunity. The stock price then continued to rise, reaching a high of $17.50 per share in March.
The stock price then began to decline, falling to around $15.00 per share by the end of May. This was due to a number of factors including rising costs in the oil and gas industry, increased competition in the engineering and construction industry, and the company's decision to focus more on renewable energy projects. The stock price then remained relatively stable for the rest of the year, ending 2022 at around $14.50 per share.
Fluor Stock Price History in 2023
Fluor's stock price began 2023 at around $14.50 per share. By mid-February, the stock had risen to over $17.00 per share. This increase was driven by increasing investor confidence in the company's focus on renewable energy projects and its ability to win new contracts. The company had reported better than expected earnings for the previous quarter and announced plans to increase its dividend again. By March, the stock had reached its all-time high of $19.00 per share.
The stock price then began to decline, falling to around $18.00 per share by the end of May. This was due to renewed concerns about rising costs in the oil and gas industry and increased competition in the engineering and construction industry. The stock price then remained relatively stable for the rest of the year, ending 2023 at around $17.50 per share.
Conclusion
The Fluor stock price has had a volatile history over the past few years. It has seen several highs and lows, but overall, the stock price has been relatively stable. Investors are likely to continue to watch Fluor's stock price closely as the company continues to focus on renewable energy projects and win new contracts.