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

Two Sigma Securities LLC increased its stake in shares of TechnipFMC plc (NYSE:FTI) by 133.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,984 shares of the oil and gas company’s stock after purchasing an additional 8,002 shares during the quarter. Two Sigma Securities LLC’s holdings in TechnipFMC were worth $927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FTI. V Square Quantitative Management LLC acquired a new position in shares of TechnipFMC during the first quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of TechnipFMC in the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of TechnipFMC during the 1st quarter valued at $37,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in TechnipFMC during the 2nd quarter worth $37,000. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna lowered their target price on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Weiss Ratings cut TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday. UBS Group set a $80.00 price objective on TechnipFMC in a research note on Wednesday, June 3rd. Citigroup raised their price objective on shares of TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Finally, The Goldman Sachs Group reissued 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.64.

TechnipFMC Price Performance

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

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts forecast that TechnipFMC plc will post 3.09 EPS for the current year.

TechnipFMC Dividend Announcement

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

Insider Buying and Selling

In other TechnipFMC news, Director Eric D. Mullins bought 6,365 shares of the stock in a transaction on Friday, August 14th. The stock was 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

TechnipFMC 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.