Stock Traders 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 acquired 11,058 call options on the company. This is an increase of approximately 1,005% compared to the typical daily volume of 1,001 call options.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.23 during midday trading on Tuesday, hitting $29.49. The company had a trading volume of 769,288 shares, compared to its average volume of 4,693,281. TechnipFMC has a 12-month low of $22.11 and a 12-month high of $33.45. The company has a fifty day moving average of $27.51 and a two-hundred day moving average of $29.01. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 19.40 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company 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 firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, equities research analysts expect that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

Insider Activity

In related news, CAO David Light sold 10,147 shares of the company's 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 sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares of the company's stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,706 shares of company stock valued at $1,651,665. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On TechnipFMC

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FTI. Evercore ISI raised their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Barclays boosted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Susquehanna reduced their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Finally, Piper Sandler lifted their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $36.83.

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.

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