PDT Partners LLC Cuts Position in TechnipFMC plc $FTI

PDT Partners LLC decreased its position in shares of TechnipFMC plc (NYSE:FTI) by 1.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,841 shares of the oil and gas company’s stock after selling 2,116 shares during the period. PDT Partners LLC’s holdings in TechnipFMC were worth $4,400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Maverick Capital Ltd. increased its position in shares of TechnipFMC by 134.5% during the 1st quarter. Maverick Capital Ltd. now owns 17,746 shares of the oil and gas company’s stock valued at $562,000 after purchasing an additional 10,178 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its position in TechnipFMC by 285.7% during the first quarter. Focus Partners Advisor Solutions LLC now owns 29,517 shares of the oil and gas company’s stock valued at $935,000 after acquiring an additional 21,865 shares during the last quarter. Graham Capital Management L.P. raised its stake in shares of TechnipFMC by 12.7% during the first quarter. Graham Capital Management L.P. now owns 179,737 shares of the oil and gas company’s stock worth $5,696,000 after acquiring an additional 20,243 shares in the last quarter. Energy Income Partners LLC lifted its holdings in shares of TechnipFMC by 1.0% in the 1st quarter. Energy Income Partners LLC now owns 240,478 shares of the oil and gas company’s stock worth $7,621,000 after acquiring an additional 2,424 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of TechnipFMC in the 1st quarter valued at $500,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the sale, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by insiders.

TechnipFMC Stock Down 0.8%

Shares of NYSE:FTI opened at $36.78 on Monday. The stock’s 50-day moving average is $35.10 and its 200 day moving average is $31.31. The company has a market cap of $15.12 billion, a PE ratio of 17.35, a P/E/G ratio of 1.18 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $38.05.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC’s payout ratio is currently 9.43%.

Wall Street Analyst Weigh In

FTI has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. BTIG Research cut TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Barclays boosted their target price on TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Susquehanna raised their price target on TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.92.

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.