Squarepoint Ops LLC Sells 119,634 Shares of TechnipFMC plc (NYSE:FTI)

Squarepoint Ops LLC cut its holdings in TechnipFMC plc (NYSE:FTI) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 740,858 shares of the oil and gas company’s stock after selling 119,634 shares during the period. Squarepoint Ops LLC owned 0.17% of TechnipFMC worth $19,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Whittier Trust Co. bought a new position in TechnipFMC in the 1st quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in TechnipFMC by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 492 shares in the last quarter. ORG Partners LLC purchased a new stake in TechnipFMC in the 2nd quarter worth approximately $33,000. Quarry LP lifted its stake in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 768 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new stake in TechnipFMC in the 2nd quarter worth approximately $51,000. 96.58% of the stock is owned by institutional investors.

TechnipFMC Stock Performance

TechnipFMC stock opened at $25.24 on Friday. The firm’s fifty day moving average price is $26.44 and its 200-day moving average price is $25.96. 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 stock has a market cap of $10.81 billion, a P/E ratio of 53.70 and a beta of 1.50. TechnipFMC plc has a fifty-two week low of $18.33 and a fifty-two week high of $29.85.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts expect that TechnipFMC plc will post 1.34 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s dividend payout ratio is currently 42.55%.

Analysts Set New Price Targets

FTI has been the topic of several recent analyst reports. Citigroup increased their target price on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. StockNews.com cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Susquehanna increased their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.51.

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.