Quantbot Technologies LP Makes New Investment in TechnipFMC plc $FTI

Quantbot Technologies LP purchased a new position in TechnipFMC plc (NYSE:FTI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,857 shares of the oil and gas company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC bought a new position in TechnipFMC in the first quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of TechnipFMC during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its holdings in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of TechnipFMC during the 1st quarter worth approximately $37,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of TechnipFMC during the 2nd quarter worth approximately $37,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Eric D. Mullins acquired 6,365 shares of the stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $78.55 per share, with a total value of $499,970.75. Following the purchase, the director directly owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. This trade represents a 373.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FTI. Barclays boosted their price objective on TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen cut TechnipFMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. UBS Group set a $80.00 price target on shares of TechnipFMC in a report on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

TechnipFMC Stock Up 1.1%

Shares of FTI stock opened at $76.54 on Friday. TechnipFMC plc has a 1 year low of $35.29 and a 1 year high of $80.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. The business’s fifty day moving average is $71.85 and its 200-day moving average is $69.82. The stock has a market cap of $30.02 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. Equities analysts expect that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 6.94%.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.