Interval Partners LP Makes New $4.27 Million Investment in TechnipFMC plc (NYSE:FTI)

Interval Partners LP bought a new stake in shares of TechnipFMC plc (NYSE:FTI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 163,323 shares of the oil and gas company’s stock, valued at approximately $4,271,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new stake in TechnipFMC during the first quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of TechnipFMC by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 492 shares in the last quarter. Johnson Financial Group Inc. bought a new position in TechnipFMC during the fourth quarter worth $33,000. ORG Partners LLC bought a new stake in TechnipFMC during the second quarter valued at $33,000. Finally, Quarry LP raised its holdings in shares of TechnipFMC by 76.6% during the fourth 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 during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Finally, Susquehanna upped their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a report on Friday, July 26th. Four equities research 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 $29.51.

TechnipFMC Stock Performance

TechnipFMC stock opened at $27.37 on Tuesday. The stock has a 50-day simple moving average of $26.51 and a 200 day simple moving average of $25.92. TechnipFMC plc has a 12-month low of $18.33 and a 12-month high of $29.85. 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 market capitalization of $11.80 billion, a price-to-earnings ratio of 58.23 and a beta of 1.50.

TechnipFMC (NYSE:FTI) last announced its quarterly 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 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 analysts’ expectations of $2.23 billion. During the same period in the prior year, the company earned $0.10 EPS. TechnipFMC’s revenue was up 17.9% compared to the same quarter last year. On average, research analysts anticipate that TechnipFMC plc will post 1.34 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

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

Insider Activity at TechnipFMC

In other news, CAO David Light sold 5,928 shares of TechnipFMC stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction 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 approximately $297,692.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is owned by insiders.

About TechnipFMC

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.