Yaupon Capital Management LP Invests $36.57 Million in TechnipFMC plc (NYSE:FTI)

Yaupon Capital Management LP acquired a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,263,549 shares of the oil and gas company's stock, valued at approximately $36,567,000. TechnipFMC comprises about 1.5% of Yaupon Capital Management LP's portfolio, making the stock its 11th biggest position. Yaupon Capital Management LP owned approximately 0.30% of TechnipFMC as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Anomaly Capital Management LP grew its stake 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 valued at $210,295,000 after purchasing an additional 2,306,342 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in 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 in the last quarter. Ostrum Asset Management boosted its position 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 buying an additional 14,965 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 138,556 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of TechnipFMC by 88.2% during the fourth quarter. Canada Pension Plan Investment Board now owns 287,800 shares of the oil and gas company's stock worth $8,329,000 after acquiring an additional 134,900 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Barclays increased their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler upped their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Evercore ISI increased their target price on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Finally, Susquehanna lowered their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Two 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $36.83.

TechnipFMC Stock Up 3.1 %

Shares of TechnipFMC stock traded up $0.86 on Friday, hitting $28.36. The company had a trading volume of 6,006,081 shares, compared to its average volume of 3,979,967. The stock has a 50-day moving average of $27.52 and a 200-day moving average of $28.91. 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 plc has a twelve month low of $22.12 and a twelve month high of $33.45. The firm has a market capitalization of $11.93 billion, a P/E ratio of 18.66 and a beta of 1.11.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results 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). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. Research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's payout ratio is 10.42%.

Insider Buying and Selling at TechnipFMC

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

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.