Oxford Asset Management LLP Makes New $205,000 Investment in FMC Co. (NYSE:FMC)

Oxford Asset Management LLP purchased a new stake in FMC Co. (NYSE:FMC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,219 shares of the basic materials company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FMC. Barclays PLC increased its stake in FMC by 17.3% during the 3rd quarter. Barclays PLC now owns 310,378 shares of the basic materials company’s stock worth $20,465,000 after acquiring an additional 45,752 shares during the period. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of FMC during the 3rd quarter worth $205,000. Wilmington Savings Fund Society FSB acquired a new position in FMC in the third quarter valued at about $58,000. Synovus Financial Corp lifted its position in FMC by 82.9% during the third quarter. Synovus Financial Corp now owns 49,892 shares of the basic materials company’s stock worth $3,290,000 after purchasing an additional 22,612 shares during the period. Finally, Inspire Trust Co. N.A. grew its stake in FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock worth $3,970,000 after buying an additional 9,500 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors and hedge funds.

FMC Stock Performance

Shares of FMC stock opened at $41.62 on Tuesday. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. FMC Co. has a twelve month low of $32.83 and a twelve month high of $68.72. The company’s fifty day moving average is $39.34 and its 200 day moving average is $48.76.

FMC (NYSE:FMC) last issued its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a return on equity of 9.67% and a net margin of 8.03%. Sell-side analysts forecast that FMC Co. will post 3.48 EPS for the current year.

FMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Monday, March 31st. FMC’s dividend payout ratio (DPR) is presently 85.29%.

Analyst Ratings Changes

FMC has been the subject of several analyst reports. KeyCorp dropped their target price on shares of FMC from $51.00 to $49.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Vertical Research upgraded FMC to a “hold” rating in a research note on Wednesday, February 5th. Citigroup lifted their price target on FMC from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group began coverage on FMC in a research report on Thursday, March 13th. They set a “buy” rating and a $51.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on FMC from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.92.

Insider Buying and Selling

In other FMC news, Director Carol Anthony Davidson bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $37.33 per share, with a total value of $223,980.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $223,980. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ronaldo Pereira purchased 5,600 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $35.77 per share, for a total transaction of $200,312.00. Following the completion of the purchase, the insider now owns 48,837 shares of the company’s stock, valued at approximately $1,746,899.49. This trade represents a 12.95 % increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

FMC Profile

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that includes insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.