Entropy Technologies LP Takes $1.06 Million Position in TechnipFMC plc (NYSE:FTI)

Key Points

• Entropy Technologies LP has made a new investment in TechnipFMC plc, acquiring 33,338 shares valued at approximately $1.06 million during the first quarter.
• TechnipFMC has received mixed analyst ratings, with a consensus rating of "Moderate Buy" and a consensus target price of $38.92.
• The company recently announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.6%.

Entropy Technologies LP acquired a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,338 shares of the oil and gas company's stock, valued at approximately $1,056,000.

Several other large investors have also added to or reduced their stakes in the business. Diversify Advisory Services LLC increased its stake in shares of TechnipFMC by 5.1% during the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock worth $238,000 after purchasing an additional 362 shares during the last quarter. Acuitas Investments LLC lifted its holdings in shares of TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after acquiring an additional 400 shares during the last quarter. KBC Group NV lifted its holdings in shares of TechnipFMC by 2.4% during the 1st quarter. KBC Group NV now owns 18,129 shares of the oil and gas company's stock worth $575,000 after acquiring an additional 429 shares during the last quarter. GAMMA Investing LLC lifted its stake in TechnipFMC by 27.0% in the first quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after purchasing an additional 614 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in TechnipFMC by 7.7% in the first quarter. Baker Tilly Wealth Management LLC now owns 9,238 shares of the oil and gas company's stock worth $293,000 after purchasing an additional 657 shares during the last quarter. Institutional investors own 96.58% of the company's stock.

Insider Activity at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by insiders.

TechnipFMC Stock Down 1.7%

Shares of NYSE FTI traded down $0.59 on Friday, reaching $35.01. 2,983,507 shares of the company's stock traded hands, compared to its average volume of 4,004,726. The business's 50 day simple moving average is $34.80 and its two-hundred day simple moving average is $30.95. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $38.05. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.17 and a beta of 1.04.

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

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date 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 is presently 9.43%.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent research reports. Citigroup reissued a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Evercore ISI upped their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Finally, Sanford C. Bernstein cut 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 report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

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.