Yaupon Capital Management LP Decreases Holdings in TechnipFMC plc $FTI

Key Points

• Yaupon Capital Management LP has reduced its holdings in TechnipFMC plc by 11.8%, currently owning 1,115,011 shares valued at approximately $35.3 million.
• TechnipFMC recently reported a quarterly earnings per share of $0.68, exceeding analysts' expectations of $0.57.
• The company announced a quarterly dividend of $0.05 per share, which represents an annualized yield of 0.5%.

Yaupon Capital Management LP trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,115,011 shares of the oil and gas company's stock after selling 148,538 shares during the quarter. TechnipFMC accounts for about 1.8% of Yaupon Capital Management LP's portfolio, making the stock its 12th largest position. Yaupon Capital Management LP owned 0.27% of TechnipFMC worth $35,335,000 at the end of the most recent quarter.

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

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction that occurred 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 in the company, valued at $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 is available through this hyperlink. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FTI. Citigroup reiterated a "buy" rating and set a $41.00 target price (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Sanford C. Bernstein downgraded shares of 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 upped their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, July 25th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada increased their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th. One equities 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 stock. Based on data from MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average price target of $38.92.

TechnipFMC Price Performance

Shares of FTI stock traded down $0.47 during trading hours on Friday, reaching $39.83. The stock had a trading volume of 5,681,535 shares, compared to its average volume of 7,086,263. The stock's fifty day simple moving average is $36.02 and its 200 day simple moving average is $31.97. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $41.29. The firm has a market capitalization of $16.37 billion, a PE ratio of 18.79, a PEG ratio of 1.29 and a beta of 1.10.

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

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 annualized dividend 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.