Two Sigma Advisers LP Raises Stake in TechnipFMC plc (NYSE:FTI)

Two Sigma Advisers LP raised its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 743,700 shares of the oil and gas company's stock after purchasing an additional 67,000 shares during the quarter. Two Sigma Advisers LP owned 0.17% of TechnipFMC worth $21,523,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. raised its holdings in shares of TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after purchasing an additional 4,314 shares during the period. Park Avenue Securities LLC purchased a new position in shares of TechnipFMC during the 4th quarter valued at $519,000. Raymond James Financial Inc. bought a new position in shares of TechnipFMC during the 4th quarter worth $9,152,000. Charles Schwab Investment Management Inc. increased its holdings in TechnipFMC by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after acquiring an additional 249,719 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in TechnipFMC by 1,024.4% in the 4th quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock valued at $415,000 after acquiring an additional 13,071 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at approximately $187,472.10. The trade was a 57.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock valued at $1,651,665 in the last quarter. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna decreased their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays raised their price target on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $36.46.

TechnipFMC Stock Up 0.4%

Shares of FTI stock traded up $0.11 during midday trading on Monday, reaching $29.67. 2,524,711 shares of the stock were exchanged, compared to its average volume of 4,004,985. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The firm has a market cap of $12.44 billion, a PE ratio of 19.52 and a beta of 0.98. The company's 50 day moving average is $28.40 and its two-hundred day moving average is $29.40.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 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 declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is presently 10.53%.

TechnipFMC 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.