Cubist Systematic Strategies LLC Acquires 226,853 Shares of TechnipFMC plc (NYSE:FTI)

Cubist Systematic Strategies LLC boosted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 38.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 822,254 shares of the oil and gas company's stock after buying an additional 226,853 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.19% of TechnipFMC worth $23,796,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of FTI. Smartleaf Asset Management LLC grew its stake in TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC during the fourth quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC during the fourth quarter worth $46,000. EverSource Wealth Advisors LLC lifted its stake in TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares during the period. Institutional investors own 96.58% of the company's stock.

Insider Transactions at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David Light sold 10,147 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 over the last ninety days. 1.80% of the stock is owned by insiders.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded up $0.20 during trading on Friday, reaching $29.90. 3,203,823 shares of the company's stock were exchanged, compared to its average volume of 3,999,851. 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 plc has a 1-year low of $22.12 and a 1-year high of $33.45. The company has a market cap of $12.53 billion, a P/E ratio of 19.67 and a beta of 0.98. The firm's 50-day moving average price is $27.60 and its 200 day moving average price is $29.10.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. As a group, research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FTI. Barclays lifted their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. StockNews.com cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna reduced their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average price target of $36.83.

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.