TechnipFMC Target of Unusually Large Options Trading (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) saw some unusual options trading activity on Monday. Traders purchased 19,414 put options on the company. This represents an increase of approximately 766% compared to the typical daily volume of 2,243 put options.

Insider Activity

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.93% of the company’s stock.

Institutional Trading of TechnipFMC

A number of large investors have recently added to or reduced their stakes in FTI. Vanguard Group Inc. lifted its holdings in shares of TechnipFMC by 320.3% in the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after purchasing an additional 30,323,011 shares in the last quarter. BlackRock Inc. boosted its position in TechnipFMC by 87.8% during the second quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company’s stock valued at $330,224,000 after purchasing an additional 9,287,344 shares during the last quarter. Alliancebernstein L.P. increased its position in TechnipFMC by 68,732.1% in the 4th quarter. Alliancebernstein L.P. now owns 7,053,918 shares of the oil and gas company’s stock worth $85,987,000 after purchasing an additional 7,043,670 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of TechnipFMC by 11.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company’s stock valued at $718,398,000 after buying an additional 5,888,998 shares during the last quarter. Finally, Invesco Ltd. grew its position in TechnipFMC by 75.7% in the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after acquiring an additional 5,587,050 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $25.48 on Tuesday. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The firm has a market cap of $11.14 billion, a P/E ratio of 212.35 and a beta of 1.65. The stock has a fifty day moving average price of $23.05 and a two-hundred day moving average price of $21.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter last year, the business posted ($0.05) earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Research analysts forecast that TechnipFMC will post 1.15 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 166.68%.

Analyst Ratings Changes

A number of brokerages have weighed in on FTI. Benchmark reissued a “buy” rating and set a $30.00 target price (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Barclays boosted their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. StockNews.com cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. TD Cowen boosted their target price on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, Susquehanna restated a “positive” rating and issued a $27.00 price target on shares of TechnipFMC in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $25.34.

TechnipFMC Company Profile

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.