Traders Purchase Large Volume of TechnipFMC Put Options (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) saw unusually large options trading activity on Monday. Investors purchased 19,414 put options on the stock. This is an increase of approximately 766% compared to the typical daily volume of 2,243 put options.

TechnipFMC Stock Down 0.8 %

Shares of NYSE:FTI opened at $25.28 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The firm has a market capitalization of $11.05 billion, a PE ratio of 210.64 and a beta of 1.65. The firm’s 50-day moving average is $23.18 and its two-hundred day moving average is $21.23. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) earnings per share. Analysts predict that TechnipFMC will post 1.15 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 166.68%.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

A number of institutional investors and hedge funds have recently made changes to their positions in FTI. Raymond James & Associates grew its position in shares of TechnipFMC by 18.6% during the first quarter. Raymond James & Associates now owns 266,995 shares of the oil and gas company’s stock worth $2,069,000 after buying an additional 41,955 shares in the last quarter. Bank of Montreal Can grew its position in shares of TechnipFMC by 334.1% during the first quarter. Bank of Montreal Can now owns 49,994 shares of the oil and gas company’s stock worth $388,000 after buying an additional 38,477 shares in the last quarter. BlackRock Inc. boosted its holdings in TechnipFMC by 11.6% in the first quarter. BlackRock Inc. now owns 9,915,455 shares of the oil and gas company’s stock valued at $76,845,000 after purchasing an additional 1,029,472 shares in the last quarter. Yousif Capital Management LLC acquired a new position in TechnipFMC in the first quarter valued at approximately $172,000. Finally, Sei Investments Co. boosted its holdings in TechnipFMC by 93.5% in the first quarter. Sei Investments Co. now owns 258,480 shares of the oil and gas company’s stock valued at $1,989,000 after purchasing an additional 124,906 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen lifted their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target on the stock. in a report on Friday, February 23rd. Bank of America lifted their price target on TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a report on Monday. ATB Capital set a $30.00 price objective on shares of TechnipFMC and gave the company an “outperform” rating in a report on Friday, December 22nd. Finally, Benchmark restated a “buy” rating and issued a $30.00 price objective (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.34.

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.