TechnipFMC plc $FTI Shares Bought by Sivia Capital Partners LLC

Key Points

• Sivia Capital Partners LLC increased its stake in TechnipFMC plc by 76.1%, holding a total of 14,764 shares worth approximately $508,000 as of its latest SEC filing.
• Other major investors, including AQR Capital Management and Boston Partners, have significantly boosted their holdings in TechnipFMC, with 96.58% of shares owned by institutional investors.
• TechnipFMC reported an earnings per share (EPS) of $0.68 for the latest quarter, exceeding analysts' expectations, and set FY 2025 guidance projecting an EPS of 1.63.

Sivia Capital Partners LLC grew its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 76.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,764 shares of the oil and gas company's stock after acquiring an additional 6,381 shares during the period. Sivia Capital Partners LLC's holdings in TechnipFMC were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of TechnipFMC by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock worth $46,360,000 after acquiring an additional 8,823 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of TechnipFMC during the first quarter worth $205,000. Stephens Investment Management Group LLC grew its stake in shares of TechnipFMC by 0.8% during the first quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company's stock worth $109,001,000 after purchasing an additional 27,884 shares in the last quarter. Credit Agricole S A grew its stake in shares of TechnipFMC by 170.3% during the first quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company's stock worth $2,982,000 after purchasing an additional 59,281 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in shares of TechnipFMC during the first quarter worth $33,000. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.02 on Thursday, reaching $39.24. The company's stock had a trading volume of 3,641,426 shares, compared to its average volume of 7,557,220. The stock's 50-day moving average is $36.34 and its two-hundred day moving average is $32.23. TechnipFMC plc has a 52-week low of $22.11 and a 52-week high of $41.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The stock has a market capitalization of $16.13 billion, a P/E ratio of 18.51, a PEG ratio of 1.26 and a beta of 1.10.

TechnipFMC (NYSE:FTI - Get Free Report) last announced 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. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were issued 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 dividend payout ratio is currently 9.43%.

Insider Transactions at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction dated 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 transaction, the director directly owned 62,978 shares of the company's stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FTI shares. Evercore ISI boosted their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada boosted their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Citigroup reissued a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Barclays boosted their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research report 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 for the company. in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, TechnipFMC currently has an average rating of "Moderate Buy" and a consensus target price of $38.92.

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.