International Assets Investment Management LLC Makes New $363,000 Investment in TechnipFMC plc (NYSE:FTI)

International Assets Investment Management LLC acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,849 shares of the oil and gas company’s stock, valued at approximately $363,000.

Several other institutional investors also recently bought and sold shares of FTI. Price T Rowe Associates Inc. MD grew its stake in TechnipFMC by 8.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after buying an additional 3,259,348 shares during the period. Anomaly Capital Management LP boosted its stake in shares of TechnipFMC by 50.3% in the second quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company’s stock valued at $89,429,000 after purchasing an additional 1,144,087 shares during the period. AQR Capital Management LLC boosted its stake in shares of TechnipFMC by 391.5% in the second quarter. AQR Capital Management LLC now owns 1,036,797 shares of the oil and gas company’s stock valued at $27,112,000 after purchasing an additional 825,842 shares during the period. Yaupon Capital Management LP boosted its stake in shares of TechnipFMC by 4,931.0% in the first quarter. Yaupon Capital Management LP now owns 805,305 shares of the oil and gas company’s stock valued at $20,221,000 after purchasing an additional 789,298 shares during the period. Finally, Los Angeles Capital Management LLC boosted its stake in shares of TechnipFMC by 125.0% in the second quarter. Los Angeles Capital Management LLC now owns 1,192,737 shares of the oil and gas company’s stock valued at $31,190,000 after purchasing an additional 662,666 shares during the period. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Stock Up 6.0 %

Shares of NYSE:FTI opened at $28.26 on Thursday. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 18.65 and a beta of 1.51. TechnipFMC plc has a 1-year low of $18.33 and a 1-year high of $29.85. The company’s fifty day moving average is $26.11 and its two-hundred day moving average is $26.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 earnings per share. Equities analysts anticipate that TechnipFMC plc will post 1.42 EPS for the current year.

TechnipFMC announced that its board has authorized a share buyback program on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. TechnipFMC’s dividend payout ratio (DPR) is 13.16%.

Analysts Set New Price Targets

FTI has been the subject of several analyst reports. Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Bank of America upped their target price on shares of TechnipFMC from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, October 14th. HSBC upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 29th. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Citigroup upped their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $33.30.

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.