WINTON GROUP Ltd Purchases Shares of 175,965 TechnipFMC plc $FTI

WINTON GROUP Ltd purchased a new stake in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 175,965 shares of the oil and gas company’s stock, valued at approximately $7,841,000.

A number of other large investors have also made changes to their positions in the company. Savvy Advisors Inc. acquired a new stake in TechnipFMC during the third quarter valued at $708,000. Principal Financial Group Inc. lifted its stake in shares of TechnipFMC by 5,157.7% in the third quarter. Principal Financial Group Inc. now owns 912,896 shares of the oil and gas company’s stock worth $36,014,000 after buying an additional 895,533 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in shares of TechnipFMC in the fourth quarter worth about $1,691,000. Danske Bank A S purchased a new position in shares of TechnipFMC in the third quarter worth about $52,848,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of TechnipFMC by 394.3% in the fourth quarter. Farther Finance Advisors LLC now owns 11,848 shares of the oil and gas company’s stock worth $528,000 after buying an additional 9,451 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. HSBC downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating and boosted their price target for the company from $49.00 to $62.00 in a research note on Friday, February 20th. UBS Group set a $80.00 price objective on shares of TechnipFMC in a report on Wednesday. Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st. Finally, Zacks Research cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.71.

TechnipFMC Trading Down 3.3%

Shares of TechnipFMC stock opened at $66.76 on Friday. The company has a fifty day simple moving average of $71.66 and a 200-day simple moving average of $60.24. TechnipFMC plc has a 12-month low of $31.88 and a 12-month high of $77.78. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The stock has a market cap of $26.62 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 1.48 and a beta of 0.69.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts forecast that TechnipFMC plc will post 2.98 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were given a $0.05 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s dividend payout ratio is 7.63%.

Insider Transactions at TechnipFMC

In related news, CAO David Light sold 6,622 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total value of $413,411.46. Following the completion of the sale, the chief accounting officer owned 5,005 shares in the company, valued at $312,462.15. This represents a 56.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Luana Duffe sold 47,951 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the completion of the sale, the executive vice president owned 78,871 shares of the company’s stock, valued at approximately $4,923,916.53. This trade represents a 37.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,210,092 shares of company stock worth $75,347,124 over the last 90 days. Company insiders own 1.40% of the company’s stock.

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.