Anomaly Capital Management LP Has $210.30 Million Stock Position in TechnipFMC plc (NYSE:FTI)

Anomaly Capital Management LP lifted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,266,580 shares of the oil and gas company's stock after buying an additional 2,306,342 shares during the period. TechnipFMC comprises 6.2% of Anomaly Capital Management LP's holdings, making the stock its 2nd largest position. Anomaly Capital Management LP owned approximately 1.71% of TechnipFMC worth $210,295,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in shares of TechnipFMC by 851.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,412 shares of the oil and gas company's stock worth $533,000 after buying an additional 16,476 shares during the last quarter. Ostrum Asset Management lifted its stake in TechnipFMC by 44.7% in the 4th quarter. Ostrum Asset Management now owns 48,445 shares of the oil and gas company's stock valued at $1,402,000 after purchasing an additional 14,965 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in TechnipFMC by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,929 shares of the oil and gas company's stock valued at $142,414,000 after purchasing an additional 138,556 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in TechnipFMC by 88.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 287,800 shares of the oil and gas company's stock valued at $8,329,000 after purchasing an additional 134,900 shares during the last quarter. Finally, Farringdon Capital Ltd. acquired a new stake in TechnipFMC in the 4th quarter valued at about $214,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Price Performance

Shares of FTI traded up $0.86 during trading hours on Friday, hitting $28.36. 6,006,081 shares of the company were exchanged, compared to its average volume of 3,979,967. The company has a market cap of $11.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.11. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $27.52 and its 200 day moving average is $28.91.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. On average, equities analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is currently 10.42%.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FTI has been the subject of several recent analyst reports. Piper Sandler raised their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays raised their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday. Susquehanna cut their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Evercore ISI increased their target price on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.