TechnipFMC plc $FTI Shares Sold by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. reduced its stake in TechnipFMC plc by 33.9%, holding 28,168 shares worth $893,000 after selling 14,441 shares in the first quarter.
• Analysts have mixed views on TechnipFMC, with Citigroup raising its price target to $41.00 while Sanford C. Bernstein downgraded the stock from a "strong buy" to a "hold" rating.
• The company reported an EPS of $0.68 for the last quarter, exceeding forecasts of $0.57, and announced a quarterly dividend of $0.05 per share, yielding 0.6%.

Fox Run Management L.L.C. decreased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 33.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,168 shares of the oil and gas company's stock after selling 14,441 shares during the period. Fox Run Management L.L.C.'s holdings in TechnipFMC were worth $893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in TechnipFMC during the 1st quarter worth about $33,000. Financial Network Wealth Advisors LLC lifted its position in TechnipFMC by 29.7% during 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 buying an additional 346 shares in the last quarter. Quarry LP lifted its position in TechnipFMC by 95.9% during the 4th quarter. Quarry LP now owns 2,550 shares of the oil and gas company's stock worth $74,000 after buying an additional 1,248 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 worth $92,000 after buying an additional 2,219 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in TechnipFMC by 27.0% during the 1st quarter. GAMMA Investing LLC now owns 2,886 shares of the oil and gas company's stock worth $91,000 after buying an additional 614 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Susquehanna upped their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Friday, July 25th. Barclays boosted their price objective on TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Citigroup reissued a "buy" rating and set a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, BTIG Research downgraded TechnipFMC from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. One 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.92.

TechnipFMC Stock Down 0.5%

NYSE FTI traded down $0.1750 during midday trading on Wednesday, hitting $34.6550. 980,643 shares of the company traded hands, compared to its average volume of 4,354,544. 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 company has a market cap of $14.24 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.04. The company's 50-day simple moving average is $34.90 and its 200-day simple moving average is $31.02. TechnipFMC plc has a 52 week low of $22.11 and a 52 week high of $38.05.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, August 19th. TechnipFMC's payout ratio is presently 9.43%.

Insider Transactions at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of TechnipFMC stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly owned 62,978 shares in the company, valued at approximately $2,337,743.36. The trade was a 12.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

TechnipFMC Company Profile

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.