Sivia Capital Partners LLC Has $1.36 Million Position in TechnipFMC plc $FTI

Sivia Capital Partners LLC boosted its stake in shares of TechnipFMC plc (NYSE:FTI) by 94.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,449 shares of the oil and gas company’s stock after purchasing an additional 14,757 shares during the quarter. Sivia Capital Partners LLC’s holdings in TechnipFMC were worth $1,357,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in TechnipFMC by 34.0% during the third quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company’s stock worth $525,339,000 after purchasing an additional 3,378,159 shares during the period. State Street Corp boosted its position in TechnipFMC by 62.2% during the third quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock worth $508,276,000 after purchasing an additional 4,938,498 shares during the period. Boston Partners boosted its position in TechnipFMC by 2.0% during the third quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company’s stock worth $389,018,000 after purchasing an additional 192,549 shares during the period. Geode Capital Management LLC boosted its position in TechnipFMC by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 7,577,261 shares of the oil and gas company’s stock worth $337,714,000 after purchasing an additional 193,244 shares during the period. Finally, Alliancebernstein L.P. boosted its position in TechnipFMC by 184.0% during the third quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company’s stock worth $189,460,000 after purchasing an additional 3,111,399 shares during the period. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Down 2.2%

FTI opened at $67.93 on Thursday. TechnipFMC plc has a 1-year low of $31.44 and a 1-year 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 capitalization of $27.08 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 1.49 and a beta of 0.69. The business has a 50 day moving average of $71.76 and a 200-day moving average of $60.01.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the business earned $0.33 earnings per share. TechnipFMC’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that TechnipFMC plc will post 2.98 earnings per share for the current year.

TechnipFMC Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FTI. Citigroup upped their target price on TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Sunday. Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Finally, Susquehanna lifted their price target on TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.71.

Insider Buying and Selling

In other news, insider Jonathan Landes sold 116,194 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.20, for a total value of $7,227,266.80. Following the completion of the sale, the insider directly owned 71,356 shares of the company’s stock, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $2,993,580.93. Following the completion of the transaction, the executive vice president owned 78,871 shares of the company’s stock, valued at $4,923,916.53. The trade was a 37.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,210,092 shares of company stock valued at $75,347,124 in the last ninety 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.