Sivia Capital Partners LLC Buys 6,381 Shares of TechnipFMC plc $FTI

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 raised its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 76.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,764 shares of the oil and gas company's stock after acquiring an additional 6,381 shares during the quarter. Sivia Capital Partners LLC's holdings in TechnipFMC were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FTI. Cetera Investment Advisers boosted its position in TechnipFMC by 22.3% during the fourth quarter. Cetera Investment Advisers now owns 27,328 shares of the oil and gas company's stock valued at $791,000 after acquiring an additional 4,979 shares during the last quarter. Tidal Investments LLC boosted its position in TechnipFMC by 4.1% during the fourth quarter. Tidal Investments LLC now owns 59,827 shares of the oil and gas company's stock valued at $1,731,000 after acquiring an additional 2,330 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of TechnipFMC by 272.3% during the fourth quarter. Two Sigma Investments LP now owns 467,888 shares of the oil and gas company's stock valued at $13,541,000 after purchasing an additional 342,203 shares during the period. Two Sigma Advisers LP raised its holdings in shares of TechnipFMC by 9.9% during the fourth quarter. Two Sigma Advisers LP now owns 743,700 shares of the oil and gas company's stock valued at $21,523,000 after purchasing an additional 67,000 shares during the period. Finally, Vident Advisory LLC acquired a new position in shares of TechnipFMC during the fourth quarter valued at about $231,000. Institutional investors own 96.58% of the company's stock.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction 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 completion of the transaction, the director directly owned 62,978 shares of the company's stock, valued at $2,337,743.36. This trade represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.16 during mid-day trading on Friday, reaching $39.39. The company's stock had a trading volume of 12,330,290 shares, compared to its average volume of 7,650,975. TechnipFMC plc has a 12-month low of $22.11 and a 12-month high of $41.29. The company has a market capitalization of $16.19 billion, a P/E ratio of 18.58, a PEG ratio of 1.26 and a beta of 1.10. 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's fifty day moving average price is $36.41 and its two-hundred day moving average price is $32.35.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $0.43 EPS. TechnipFMC's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts predict that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company 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. 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 (DPR) is presently 9.43%.

Analyst Upgrades and Downgrades

FTI has been the topic of several research reports. 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 report on Friday, July 25th. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Citigroup reiterated a "buy" rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. 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 report on Friday, July 25th. Finally, Barclays upped their price objective on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a report on Friday, July 25th. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.