7,000 Shares in TechnipFMC plc $FTI Purchased by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC bought a new stake in TechnipFMC plc (NYSE:FTI) during the 2nd quarter, HoldingsChannel reports. The fund bought 7,000 shares of the oil and gas company’s stock, valued at approximately $464,000.

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

TechnipFMC Trading Down 0.8%

Shares of NYSE FTI opened at $75.26 on Wednesday. The firm has a 50 day moving average price of $71.45 and a two-hundred day moving average price of $69.56. The stock has a market cap of $29.52 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. TechnipFMC plc has a 52-week low of $35.29 and a 52-week high of $80.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that TechnipFMC plc will post 3.09 EPS for the current year.

TechnipFMC Dividend Announcement

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

Insider Buying and Selling at TechnipFMC

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

Analyst Ratings Changes

FTI has been the subject of a number of research reports. Zacks Research cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Evercore reaffirmed an “outperform” rating and set a $83.00 price target on shares of TechnipFMC in a report on Friday, May 1st. Susquehanna lowered their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Barclays raised their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Citigroup boosted their target price on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

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.