TechnipFMC plc (NYSE:FTI) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in TechnipFMC plc (NYSE:FTI) by 1,714.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,450 shares of the oil and gas company’s stock after purchasing an additional 42,945 shares during the quarter. Cwm LLC’s holdings in TechnipFMC were worth $1,192,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FTI. Price T Rowe Associates Inc. MD grew its position in shares of TechnipFMC by 8.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock valued at $1,019,337,000 after buying an additional 3,259,348 shares during the last quarter. Anomaly Capital Management LP grew its holdings in shares of TechnipFMC by 50.3% during the second quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company’s stock valued at $89,429,000 after purchasing an additional 1,144,087 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of TechnipFMC by 56.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,954,356 shares of the oil and gas company’s stock worth $74,184,000 after purchasing an additional 1,068,788 shares during the period. AQR Capital Management LLC lifted its holdings in shares of TechnipFMC by 391.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,036,797 shares of the oil and gas company’s stock worth $27,112,000 after purchasing an additional 825,842 shares during the last quarter. Finally, Yaupon Capital Management LP boosted its position in TechnipFMC by 4,931.0% during the 1st quarter. Yaupon Capital Management LP now owns 805,305 shares of the oil and gas company’s stock valued at $20,221,000 after purchasing an additional 789,298 shares during the period. Institutional investors own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FTI. Susquehanna raised their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. BMO Capital Markets raised their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, October 10th. Bank of America boosted their price objective on TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Citigroup lifted their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.74.

TechnipFMC Trading Up 0.7 %

Shares of FTI stock opened at $26.48 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $26.21 and a 200 day simple moving average of $26.21. TechnipFMC plc has a fifty-two week low of $18.33 and a fifty-two week high of $29.85. The stock has a market capitalization of $11.41 billion, a P/E ratio of 56.34 and a beta of 1.50.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts expect that TechnipFMC plc will post 1.37 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. 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.