TechnipFMC plc $FTI Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. lifted its position in shares of TechnipFMC plc (NYSE:FTI) by 54.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,956 shares of the oil and gas company’s stock after acquiring an additional 12,647 shares during the quarter. Fox Run Management L.L.C.’s holdings in TechnipFMC were worth $1,418,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in TechnipFMC by 38.0% in the 3rd quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after acquiring an additional 50,593 shares during the last quarter. Lingohr Asset Management GmbH grew its position in shares of TechnipFMC by 461.7% in the third quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock valued at $8,375,000 after purchasing an additional 174,500 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of TechnipFMC by 80.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock worth $125,144,000 after purchasing an additional 1,415,621 shares in the last quarter. Rothschild Investment LLC raised its position in shares of TechnipFMC by 25,468.9% during the 3rd quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock worth $454,000 after purchasing an additional 11,461 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in TechnipFMC by 8.4% in the 3rd quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock valued at $12,053,000 after buying an additional 23,600 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Up 1.7%

NYSE FTI opened at $65.36 on Wednesday. The company has a market cap of $26.15 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.23 and a beta of 0.69. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $66.33. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. The company has a 50-day moving average of $53.17 and a 200-day moving average of $44.78.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. TechnipFMC’s revenue was up 6.3% compared to the same quarter last year. As a group, equities analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s dividend payout ratio is presently 8.66%.

Analysts Set New Price Targets

Several equities analysts have weighed in on FTI shares. Piper Sandler raised their price target on TechnipFMC from $49.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. BMO Capital Markets boosted their target price on shares of TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a research note on Monday. TD Cowen restated a “buy” rating on shares of TechnipFMC in a report on Friday. Jefferies Financial Group lifted their price target on shares of TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Citigroup upped their price objective on shares of TechnipFMC from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of “Moderate Buy” and an average target price of $55.93.

About TechnipFMC

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.