Jump Financial LLC Lowers Position in TechnipFMC plc $FTI

Key Points

• Jump Financial LLC decreased its stake in TechnipFMC plc by 37.2% in Q1, reducing their holdings to 33,717 shares worth approximately $1,068,000.
• TechnipFMC recently reported earnings of $0.68 per share for the quarter, surpassing analyst expectations and demonstrating a 9.0% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.05 per share, which will be paid on September 3rd, representing a 0.5% yield.

Jump Financial LLC decreased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 37.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,717 shares of the oil and gas company's stock after selling 19,936 shares during the period. Jump Financial LLC's holdings in TechnipFMC were worth $1,068,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of TechnipFMC in the first quarter worth about $33,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 346 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of TechnipFMC by 2,216.1% in the 1st quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company's stock worth $68,000 after acquiring an additional 2,061 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of TechnipFMC by 27.0% in the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after acquiring an additional 614 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in TechnipFMC by 346.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,859 shares of the oil and gas company's stock valued at $92,000 after buying an additional 2,219 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Insider Activity

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Evercore ISI upped their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Sanford C. Bernstein downgraded shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, BTIG Research downgraded shares of 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 given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.92.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded up $1.45 on Thursday, hitting $39.70. 7,824,799 shares of the company traded hands, compared to its average volume of 2,897,473. The business has a 50-day simple moving average of $35.40 and a 200 day simple moving average of $31.51. 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. The stock has a market capitalization of $16.32 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 1.22 and a beta of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share 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 analyst estimates of $2.49 billion. During the same period last year, the firm posted $0.43 earnings per share. TechnipFMC's revenue for the quarter was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. 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.