FNY Partners Fund LP lifted its stake in shares of FMC Technologies, Inc. (NYSE:FTI) by 37,255.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 625,338 shares of the oil and gas company’s stock after purchasing an additional 623,664 shares during the quarter. FMC Technologies comprises about 4.1% of FNY Partners Fund LP’s investment portfolio, making the stock its 7th largest position. FNY Partners Fund LP owned approximately 0.13% of FMC Technologies worth $17,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of FTI. Russell Investments Group Ltd. grew its stake in shares of FMC Technologies by 353.0% during the 1st quarter. Russell Investments Group Ltd. now owns 397,201 shares of the oil and gas company’s stock worth $12,919,000 after purchasing an additional 309,528 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of FMC Technologies by 112.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 49,250 shares of the oil and gas company’s stock worth $1,601,000 after purchasing an additional 26,100 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of FMC Technologies by 722.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 66,212 shares of the oil and gas company’s stock worth $2,152,000 after purchasing an additional 58,165 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of FMC Technologies by 96.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,800 shares of the oil and gas company’s stock worth $384,000 after purchasing an additional 5,800 shares during the period. Finally, Suntrust Banks Inc. acquired a new position in shares of FMC Technologies during the 1st quarter worth $270,000. 65.36% of the stock is currently owned by institutional investors and hedge funds.

FMC Technologies, Inc. (FTI) traded up 1.57% on Monday, reaching $25.90. 1,045,436 shares of the company’s stock were exchanged. The stock has a market capitalization of $12.10 billion, a P/E ratio of 31.32 and a beta of 0.93. The firm’s 50 day moving average is $26.64 and its 200 day moving average is $29.49. FMC Technologies, Inc. has a 1-year low of $25.17 and a 1-year high of $36.14.

FMC Technologies (NYSE:FTI) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.80 billion. Analysts expect that FMC Technologies, Inc. will post $1.06 EPS for the current year.

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A number of equities analysts have recently weighed in on the stock. HSBC Holdings plc assumed coverage on shares of FMC Technologies in a research note on Monday. They set a “hold” rating and a $26.00 price target on the stock. BidaskClub cut shares of FMC Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. UBS AG reaffirmed a “buy” rating and set a $36.00 price target (down from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Seaport Global Securities reaffirmed a “neutral” rating on shares of FMC Technologies in a research note on Thursday, July 27th. Finally, Scotiabank set a $36.00 price target on shares of FMC Technologies and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.71.

FMC Technologies Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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