Cwm LLC Grows Stock Holdings in TechnipFMC plc $FTI

Cwm LLC lifted its holdings in TechnipFMC plc (NYSE:FTI) by 120.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,180 shares of the oil and gas company’s stock after acquiring an additional 200,499 shares during the period. Cwm LLC owned approximately 0.09% of TechnipFMC worth $14,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Canada Pension Plan Investment Board increased its holdings in TechnipFMC by 46.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 422,500 shares of the oil and gas company’s stock valued at $13,389,000 after purchasing an additional 134,700 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of TechnipFMC by 15.6% during the 1st quarter. Vident Advisory LLC now owns 9,218 shares of the oil and gas company’s stock valued at $292,000 after buying an additional 1,241 shares during the period. Nomura Holdings Inc. acquired a new position in TechnipFMC during the 1st quarter worth approximately $500,000. Energy Income Partners LLC boosted its holdings in TechnipFMC by 1.0% in the 1st quarter. Energy Income Partners LLC now owns 240,478 shares of the oil and gas company’s stock worth $7,621,000 after acquiring an additional 2,424 shares during the period. Finally, Graham Capital Management L.P. grew its position in TechnipFMC by 12.7% in the first quarter. Graham Capital Management L.P. now owns 179,737 shares of the oil and gas company’s stock valued at $5,696,000 after acquiring an additional 20,243 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of FTI stock opened at $44.63 on Monday. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 1.06 and a beta of 0.68. TechnipFMC plc has a one year low of $22.11 and a one year high of $47.33. The company’s 50-day simple moving average is $43.51 and its 200-day simple moving average is $38.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.13.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.60 billion. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.TechnipFMC’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Equities analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC declared that its board has initiated a share buyback program on Wednesday, October 22nd that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase up to 13.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Tuesday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, November 18th. TechnipFMC’s payout ratio is currently 8.93%.

Analysts Set New Price Targets

A number of research analysts have recently commented on FTI shares. BNP Paribas set a $47.00 target price on shares of TechnipFMC and gave the stock an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. BNP Paribas Exane upgraded TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price target on the stock in a research note on Friday, October 10th. Barclays increased their price target on TechnipFMC from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TechnipFMC in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.92.

TechnipFMC Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.