TechnipFMC plc $FTI Shares Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its stake in TechnipFMC plc by 12.7% in the first quarter, holding 179,737 shares valued at approximately $5.7 million after purchasing an additional 20,243 shares.
• TechnipFMC announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.5%, with the dividend payout ratio currently at 9.43%.
• Several analysts have revised their ratings for TechnipFMC, with Evercore ISI and Susquehanna raising their price targets, while Sanford C. Bernstein downgraded it to a "hold" rating.

Graham Capital Management L.P. boosted its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,737 shares of the oil and gas company's stock after buying an additional 20,243 shares during the quarter. Graham Capital Management L.P.'s holdings in TechnipFMC were worth $5,696,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Energy Income Partners LLC grew its holdings in shares of TechnipFMC by 1.0% during the first quarter. Energy Income Partners LLC now owns 240,478 shares of the oil and gas company's stock worth $7,621,000 after purchasing an additional 2,424 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of TechnipFMC during the first quarter worth about $500,000. Vident Advisory LLC grew its holdings in shares of TechnipFMC by 15.6% during the first quarter. Vident Advisory LLC now owns 9,218 shares of the oil and gas company's stock worth $292,000 after purchasing an additional 1,241 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of TechnipFMC by 3.7% during the first quarter. Driehaus Capital Management LLC now owns 1,750,068 shares of the oil and gas company's stock worth $55,460,000 after purchasing an additional 62,633 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of TechnipFMC by 46.8% during the first quarter. Canada Pension Plan Investment Board now owns 422,500 shares of the oil and gas company's stock worth $13,389,000 after purchasing an additional 134,700 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Analyst Upgrades and Downgrades

FTI has been the topic of several research reports. Evercore ISI raised their price objective on TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a report on Thursday, May 22nd. Susquehanna raised their price objective on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Barclays raised their price objective on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Finally, BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, TechnipFMC presently has an average rating of "Moderate Buy" and a consensus price target of $38.92.

Insider Transactions at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company's stock, valued at approximately $2,337,743.36. The trade was 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 this link. Corporate insiders own 1.80% of the company's stock.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.79 during mid-day trading on Tuesday, reaching $37.55. The stock had a trading volume of 3,441,393 shares, compared to its average volume of 2,499,749. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.18 and a beta of 1.10. TechnipFMC plc has a twelve month low of $22.11 and a twelve month high of $38.05. The business has a 50 day simple moving average of $35.22 and a 200 day simple moving average of $31.40.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.5%. TechnipFMC's payout ratio is currently 9.43%.

About TechnipFMC

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.