Capital Fund Management S.A. Sells 58,676 Shares of TechnipFMC plc $FTI

Key Points

• Capital Fund Management S.A. reduced its stake in TechnipFMC by 19.0%, selling 58,676 shares, leaving it with 250,499 shares valued at approximately $7.94 million as of the latest SEC filing.
• TechnipFMC reported earnings of $0.68 per share for its last quarter, exceeding analyst expectations and marking a 9.0% revenue growth year-over-year.
• The company declared a quarterly dividend of $0.05 per share, which will be paid on September 3rd, reflecting a 0.6% dividend yield with a payout ratio of 9.43%.

Capital Fund Management S.A. decreased its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 19.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 250,499 shares of the oil and gas company's stock after selling 58,676 shares during the quarter. Capital Fund Management S.A. owned 0.06% of TechnipFMC worth $7,938,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in TechnipFMC in the first quarter worth approximately $33,000. Financial Network Wealth Advisors LLC grew 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 purchasing an additional 346 shares in the last quarter. Brooklyn Investment Group grew its stake in TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 2,061 shares in the last quarter. Quarry LP grew its stake in TechnipFMC by 95.9% in the fourth quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock worth $74,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in TechnipFMC by 346.7% in the first quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock worth $92,000 after purchasing an additional 2,219 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Up 1.5%

Shares of NYSE FTI opened at $35.2760 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $14.50 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. The stock's fifty day simple moving average is $34.92 and its two-hundred day simple moving average is $31.08. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. TechnipFMC's dividend payout ratio (DPR) is presently 9.43%.

Analyst Upgrades and Downgrades

FTI has been the topic of several research analyst reports. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Royal Bank Of Canada increased their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Sanford C. Bernstein cut TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research note on Thursday, May 22nd. Citigroup reissued a "buy" rating and issued a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, Barclays increased their price objective on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

Insider Buying and Selling at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the sale, the director owned 62,978 shares of the company's stock, valued at $2,337,743.36. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

TechnipFMC Company 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.

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