12,996 Shares in TechnipFMC plc (NYSE:FTI) Purchased by HMS Capital Management LLC

HMS Capital Management LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,996 shares of the oil and gas company’s stock, valued at approximately $341,000.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in TechnipFMC by 43.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,405 shares of the oil and gas company’s stock valued at $211,000 after purchasing an additional 2,543 shares in the last quarter. Norden Group LLC raised its position in TechnipFMC by 99.9% in the 1st quarter. Norden Group LLC now owns 25,260 shares of the oil and gas company’s stock valued at $634,000 after purchasing an additional 12,626 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in TechnipFMC in the 1st quarter valued at about $205,000. Whittier Trust Co. acquired a new stake in TechnipFMC in the 1st quarter valued at about $29,000. Finally, GSA Capital Partners LLP acquired a new stake in TechnipFMC in the 1st quarter valued at about $656,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FTI. Citigroup increased their price target on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Susquehanna increased their price objective on TechnipFMC from $35.00 to $37.00 and gave the company a “positive” rating in a report on Friday, October 25th. TD Cowen increased their price objective on TechnipFMC from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays increased their price objective on TechnipFMC from $34.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Finally, Bank of America raised their price target on TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.41.

TechnipFMC Trading Up 1.0 %

Shares of FTI stock opened at $26.65 on Wednesday. The business’s 50 day moving average is $26.12 and its two-hundred day moving average is $26.21. TechnipFMC plc has a twelve month low of $18.33 and a twelve month high of $29.85. The company has a market capitalization of $11.34 billion, a P/E ratio of 17.53 and a beta of 1.51. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.25. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $0.21 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that TechnipFMC plc will post 1.42 EPS for the current year.

TechnipFMC declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 23rd that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is currently 13.16%.

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.