TechnipFMC Target of Unusually High Options Trading (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) saw some unusual options trading on Monday. Investors purchased 48,935 call options on the company. This represents an increase of 3,165% compared to the average daily volume of 1,499 call options.

Insider Activity at TechnipFMC

In other news, CAO David Light sold 5,928 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.68. Following the completion of the sale, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at $297,692.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TechnipFMC

A number of large investors have recently modified their holdings of the business. Brown Advisory Inc. purchased a new stake in TechnipFMC during the 4th quarter valued at about $830,000. Norden Group LLC grew its holdings in TechnipFMC by 2,899.1% in the first quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock valued at $9,514,000 after purchasing an additional 366,266 shares during the period. Vanguard Group Inc. grew its stake in TechnipFMC by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock valued at $803,888,000 after acquiring an additional 126,247 shares during the period. Edgestream Partners L.P. acquired a new position in shares of TechnipFMC during the first quarter valued at approximately $965,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of TechnipFMC by 868.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after purchasing an additional 2,808,618 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FTI. Susquehanna lifted their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Finally, Citigroup upped their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and an average target price of $29.51.

TechnipFMC Stock Up 0.4 %

FTI stock traded up $0.10 during trading on Monday, reaching $27.32. 1,323,737 shares of the company traded hands, compared to its average volume of 4,114,144. TechnipFMC has a 12 month low of $18.33 and a 12 month high of $29.85. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 57.91 and a beta of 1.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10. The business has a 50 day simple moving average of $26.53 and a 200 day simple moving average of $25.88.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. TechnipFMC’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that TechnipFMC will post 1.34 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

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.