TechnipFMC plc (NYSE:FTI) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in TechnipFMC plc (NYSE:FTI) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,916 shares of the oil and gas company’s stock after selling 1,600 shares during the period. XTX Topco Ltd’s holdings in TechnipFMC were worth $730,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Oak Thistle LLC lifted its holdings in TechnipFMC by 3.2% in the second quarter. Oak Thistle LLC now owns 13,705 shares of the oil and gas company’s stock valued at $358,000 after acquiring an additional 421 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in TechnipFMC by 5.1% in the second quarter. Pallas Capital Advisors LLC now owns 8,901 shares of the oil and gas company’s stock valued at $246,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC lifted its holdings in TechnipFMC by 73.1% in the second 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 during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in TechnipFMC by 2.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,963 shares of the oil and gas company’s stock valued at $702,000 after acquiring an additional 616 shares during the last quarter. Finally, Quarry LP lifted its holdings in TechnipFMC by 76.6% in 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. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Up 3.3 %

TechnipFMC stock opened at $27.22 on Monday. TechnipFMC plc has a twelve month low of $18.33 and a twelve month high of $29.85. The stock’s fifty day simple moving average is $26.53 and its 200-day simple moving average is $25.88. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $11.73 billion, a P/E ratio of 57.91 and a beta of 1.50.

TechnipFMC (NYSE:FTI) last posted 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. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. TechnipFMC’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. As a group, equities 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity at TechnipFMC

In related news, CAO David Light sold 5,928 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total value of $153,001.68. Following the transaction, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at $297,692.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup boosted their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Susquehanna boosted their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.51.

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.