TechnipFMC plc (NYSE:FTI) Shares Bought by Anomaly Capital Management LP

Anomaly Capital Management LP increased its position in TechnipFMC plc (NYSE:FTI) by 50.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,419,833 shares of the oil and gas company’s stock after buying an additional 1,144,087 shares during the quarter. TechnipFMC comprises approximately 3.4% of Anomaly Capital Management LP’s holdings, making the stock its 12th largest position. Anomaly Capital Management LP owned approximately 0.79% of TechnipFMC worth $89,429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in shares of TechnipFMC during the second quarter valued at approximately $451,000. Itau Unibanco Holding S.A. acquired a new stake in TechnipFMC during the 2nd quarter valued at $69,000. Ensign Peak Advisors Inc lifted its holdings in shares of TechnipFMC by 23.5% in the second quarter. Ensign Peak Advisors Inc now owns 227,890 shares of the oil and gas company’s stock valued at $5,959,000 after purchasing an additional 43,415 shares in the last quarter. Sei Investments Co. boosted its position in shares of TechnipFMC by 17.2% in the second quarter. Sei Investments Co. now owns 465,537 shares of the oil and gas company’s stock worth $12,174,000 after buying an additional 68,397 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in shares of TechnipFMC by 82.7% during the second quarter. Canada Pension Plan Investment Board now owns 99,400 shares of the oil and gas company’s stock valued at $2,599,000 after buying an additional 45,000 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. 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 report on Wednesday, July 10th. Finally, Susquehanna boosted their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.51.

Insider Buying and Selling at TechnipFMC

In other news, CAO David Light sold 5,928 shares of TechnipFMC stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total transaction of $153,001.68. Following the sale, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at approximately $297,692.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

TechnipFMC Price Performance

NYSE FTI opened at $27.22 on Monday. The stock has a 50-day simple moving average of $26.53 and a 200 day simple moving average of $25.88. TechnipFMC plc has a twelve month low of $18.33 and a twelve month high of $29.85. The stock has a market capitalization of $11.73 billion, a PE 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.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. Research analysts anticipate that TechnipFMC plc will post 1.34 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. TechnipFMC’s payout ratio is 42.55%.

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.