Investors Purchase Large Volume of TechnipFMC Call Options (NYSE:FTI)

TechnipFMC plc (NYSE:FTI - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors purchased 11,058 call options on the stock. This is an increase of 1,005% compared to the average daily volume of 1,001 call options.

Insider Activity at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of the stock in a transaction dated 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 in the company, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock valued at $1,651,665 in the last ninety days. Insiders own 1.80% of the company's stock.

Institutional Trading of TechnipFMC

A number of institutional investors have recently made changes to their positions in FTI. Ameriprise Financial Inc. boosted its holdings in TechnipFMC by 31.5% in the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after purchasing an additional 3,962,315 shares during the last quarter. Norges Bank purchased a new position in TechnipFMC in the fourth quarter worth about $96,808,000. Anomaly Capital Management LP grew its stake in shares of TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock valued at $210,295,000 after purchasing an additional 2,306,342 shares during the period. AQR Capital Management LLC increased its position in shares of TechnipFMC by 70.6% during the 4th quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock valued at $119,602,000 after purchasing an additional 1,710,183 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in TechnipFMC by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after acquiring an additional 1,623,864 shares during the period. Hedge funds and other institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Up 0.7 %

NYSE:FTI traded up $0.20 during trading hours on Friday, reaching $29.90. 3,203,823 shares of the company traded hands, compared to its average volume of 3,999,851. TechnipFMC has a 1 year low of $22.12 and a 1 year high of $33.45. The stock has a market capitalization of $12.53 billion, a P/E ratio of 19.67 and a beta of 0.98. The business's 50-day moving average price is $27.60 and its two-hundred day moving average price is $29.12. 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 (NYSE:FTI - Get Free Report) last announced 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 firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. Analysts predict that TechnipFMC will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FTI shares. Susquehanna cut their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Piper Sandler increased their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Evercore ISI lifted their target price on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Finally, StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.83.

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.