Two Sigma Securities LLC Has $927,000 Stock Position in TechnipFMC plc $FTI

Two Sigma Securities LLC lifted its stake in shares of TechnipFMC plc (NYSE:FTI) by 133.8% during the second quarter, Holdings Channel.com reports. The firm owned 13,984 shares of the oil and gas company’s stock after acquiring an additional 8,002 shares during the period. Two Sigma Securities LLC’s holdings in TechnipFMC were worth $927,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in TechnipFMC in the 1st quarter valued at about $26,000. Ascentis Independent Advisors bought a new position in TechnipFMC in the first quarter worth approximately $37,000. Keating Financial Advisory Services Inc. bought a new position in TechnipFMC in the second quarter worth approximately $37,000. First Pacific Financial acquired a new stake in TechnipFMC in the first quarter valued at approximately $52,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in TechnipFMC in the third quarter valued at approximately $32,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Up 3.2%

Shares of TechnipFMC stock opened at $78.27 on Tuesday. The stock has a fifty day simple moving average of $72.29 and a 200 day simple moving average of $70.06. TechnipFMC plc has a 12-month low of $35.29 and a 12-month high of $80.55. The company has a market capitalization of $30.69 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

TechnipFMC (NYSE:FTI) last issued 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 for the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FTI. Barclays upped their target price on TechnipFMC from $70.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Zacks Research downgraded shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Susquehanna dropped their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Insider Buying and Selling at TechnipFMC

In other news, Director Eric D. Mullins purchased 6,365 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the acquisition, the director owned 8,070 shares in the company, valued at $633,898.50. This trade represents a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by insiders.

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.