Sciencast Management LP Boosts Stock Position in TechnipFMC plc (NYSE:FTI)

Sciencast Management LP lifted its holdings in TechnipFMC plc (NYSE:FTI) by 281.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,161 shares of the oil and gas company’s stock after purchasing an additional 31,113 shares during the quarter. Sciencast Management LP’s holdings in TechnipFMC were worth $1,059,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Inceptionr LLC grew its holdings in shares of TechnipFMC by 2.2% in the fourth quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company’s stock valued at $496,000 after purchasing an additional 540 shares in the last quarter. Fulton Bank N.A. increased its position in TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 683 shares during the last quarter. Dfpg Investments LLC increased its position in TechnipFMC by 2.4% during the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock valued at $623,000 after acquiring an additional 738 shares during the last quarter. Quarry LP increased its position in TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 768 shares during the last quarter. Finally, Janney Capital Management LLC boosted its stake in shares of TechnipFMC by 3.1% during the 4th quarter. Janney Capital Management LLC now owns 27,688 shares of the oil and gas company’s stock worth $558,000 after purchasing an additional 839 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Down 1.1 %

NYSE FTI traded down $0.29 on Friday, hitting $26.67. 2,716,379 shares of the stock were exchanged, compared to its average volume of 4,132,476. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. TechnipFMC plc has a fifty-two week low of $17.07 and a fifty-two week high of $27.30. The company has a market cap of $11.49 billion, a PE ratio of 56.74 and a beta of 1.52. The company has a 50-day moving average price of $25.74 and a 200-day moving average price of $23.51.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The company’s revenue was up 18.9% on a year-over-year basis. Sell-side analysts anticipate that TechnipFMC plc will post 1.2 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Transactions at TechnipFMC

In other news, CAO David Light sold 5,928 shares of the firm’s 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 owns 11,534 shares in the company, valued at approximately $297,692.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FTI shares. 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. Bank of America upped their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. TD Cowen upped their price target on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday, April 26th. Barclays upped their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Finally, StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Sunday, April 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.08.

TechnipFMC 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.