TechnipFMC plc $FTI Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its position in shares of TechnipFMC plc (NYSE:FTI) by 26.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,357 shares of the oil and gas company’s stock after purchasing an additional 2,593 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in TechnipFMC were worth $426,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its position in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in TechnipFMC in the second quarter valued at approximately $44,000. Financial Network Wealth Advisors LLC lifted its stake in TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 346 shares during the last quarter. New York State Teachers Retirement System grew its holdings in TechnipFMC by 82.5% during the 2nd quarter. New York State Teachers Retirement System now owns 1,927 shares of the oil and gas company’s stock worth $66,000 after acquiring an additional 871 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,061 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on FTI shares. Zacks Research downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Royal Bank Of Canada boosted their target price on TechnipFMC from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. UBS Group reiterated an “outperform” rating on shares of TechnipFMC in a research note on Tuesday, October 28th. Barclays boosted their price objective on shares of TechnipFMC from $51.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TechnipFMC in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.36.

TechnipFMC Stock Up 1.4%

Shares of NYSE:FTI opened at $43.77 on Monday. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $44.34. The company has a quick ratio of 0.90, a current ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $39.62 and its 200-day simple moving average is $35.89. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.20 and a beta of 1.00.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Tuesday, November 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC’s dividend payout ratio (DPR) is 8.93%.

TechnipFMC announced that its board has initiated a share buyback plan on Wednesday, October 22nd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the oil and gas company to repurchase up to 13.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Douglas J. Pferdehirt sold 80,304 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.35, for a total transaction of $3,079,658.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thierry Conti sold 50,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the transaction, the insider owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 876,603 shares of company stock worth $33,832,588. Corporate insiders own 1.80% of the company’s stock.

TechnipFMC 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.