Voloridge Investment Management LLC Makes New $6.41 Million Investment in TechnipFMC plc (NYSE:FTI)

Voloridge Investment Management LLC bought a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 221,515 shares of the oil and gas company's stock, valued at approximately $6,411,000. Voloridge Investment Management LLC owned approximately 0.05% of TechnipFMC as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC during the fourth quarter worth about $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in TechnipFMC during the fourth quarter worth about $46,000. EverSource Wealth Advisors LLC grew 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 period. Finally, V Square Quantitative Management LLC increased its holdings in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 563 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated 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 transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. This trade represents a 23.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock worth $1,651,665 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FTI shares. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Susquehanna dropped their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Barclays boosted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus price target of $36.46.

TechnipFMC Stock Up 1.5%

FTI traded up $0.48 during trading hours on Thursday, hitting $31.20. 2,475,100 shares of the company's stock were exchanged, compared to its average volume of 4,021,351. The stock's 50-day moving average is $28.46 and its two-hundred day moving average is $29.42. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 20.50 and a beta of 0.98.

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

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

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.