Interval Partners LP Invests $5.41 Million in TechnipFMC plc $FTI

Key Points

• Interval Partners LP made a new investment of approximately $5.41 million in TechnipFMC plc, purchasing 170,688 shares of the company's stock in the first quarter.
• Several institutional investors modified their holdings in TechnipFMC, with notable increases from Brooklyn Investment Group by 2,216.1% and Farther Finance Advisors by 346.7% during the same period.
• TechnipFMC recently announced a quarterly dividend of $0.05 per share, with a dividend yield of 0.5%, and a net margin of 9.60% reported in its latest earnings.

Interval Partners LP acquired a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 170,688 shares of the oil and gas company's stock, valued at approximately $5,409,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of TechnipFMC in the first quarter valued at about $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 valued at $48,000 after purchasing an additional 346 shares during 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 valued at $68,000 after purchasing an additional 2,061 shares during the last quarter. 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 valued at $92,000 after purchasing an additional 2,219 shares during the last quarter. Finally, GAMMA Investing LLC grew 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 valued at $91,000 after purchasing an additional 614 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction that occurred 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 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 legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

FTI has been the topic of a number of research analyst reports. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Citigroup restated a "buy" rating and set a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Susquehanna boosted their price target on TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. Sanford C. Bernstein lowered 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. Finally, BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.92.

TechnipFMC Stock Performance

NYSE FTI traded down $0.75 during trading hours on Friday, reaching $38.90. The stock had a trading volume of 9,196,298 shares, compared to its average volume of 3,503,685. The stock has a fifty day moving average of $35.49 and a 200 day moving average of $31.58. The stock has a market cap of $15.99 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $39.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its 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 return on equity of 29.42% and a net margin of 9.60%.The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the firm earned $0.43 earnings per share. TechnipFMC's revenue for the quarter was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC's payout ratio is presently 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.