Two Sigma Securities LLC Makes New $301,000 Investment in TechnipFMC plc (NYSE:FTI)

Two Sigma Securities LLC acquired a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,416 shares of the oil and gas company's stock, valued at approximately $301,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC increased its stake in TechnipFMC by 4.1% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock valued at $248,000 after acquiring an additional 338 shares during the period. Yousif Capital Management LLC grew its stake in shares of TechnipFMC by 4.6% in the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after purchasing an additional 357 shares during the period. Sigma Planning Corp raised its holdings in shares of TechnipFMC by 3.3% in the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after buying an additional 363 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of TechnipFMC by 22.3% during the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after buying an additional 414 shares during the period. Finally, Ballentine Partners LLC boosted its stake in TechnipFMC by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock valued at $337,000 after buying an additional 423 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO David Light sold 10,147 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. The trade was a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock worth $1,651,665 in the last ninety days. Company insiders own 1.80% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE FTI traded up $0.67 during mid-day trading on Friday, reaching $29.69. 2,780,021 shares of the company were exchanged, compared to its average volume of 3,979,853. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45. The stock has a market capitalization of $12.49 billion, a P/E ratio of 19.53 and a beta of 1.11. The company's 50-day simple moving average is $27.44 and its 200-day simple moving average is $28.93. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

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 analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business earned $0.22 EPS. TechnipFMC's revenue was up 9.4% on a year-over-year basis. As a group, research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

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

Wall Street Analyst Weigh In

FTI has been the subject of a number of analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday. Piper Sandler upped their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. StockNews.com cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Barclays upped their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Finally, Susquehanna decreased their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TechnipFMC currently 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.