Traders Purchase High Volume of TechnipFMC Put Options (FTI)

TechnipFMC PLC (NYSE:FTI) saw unusually large options trading on Wednesday. Investors acquired 2,088 put options on the stock. This is an increase of 2,145% compared to the typical daily volume of 93 put options.

A number of institutional investors have recently modified their holdings of FTI. CSat Investment Advisory L.P. lifted its stake in TechnipFMC by 149.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 868 shares in the last quarter. Moody National Bank Trust Division lifted its stake in TechnipFMC by 802.0% in the 1st quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 1,203 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its stake in TechnipFMC by 64.2% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 2,070 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 809 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in TechnipFMC by 1,834.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 926,996 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 879,078 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in TechnipFMC in the 4th quarter valued at about $121,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on FTI. Wells Fargo & Co increased their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. ValuEngine upgraded TechnipFMC from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. HSBC upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $23.45 target price on the stock in a research report on Friday, March 22nd. Berenberg Bank started coverage on TechnipFMC in a research report on Tuesday, February 26th. They set a “buy” rating on the stock. Finally, Piper Jaffray Companies restated a “buy” rating on shares of TechnipFMC in a research report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.54.

NYSE:FTI opened at $24.27 on Friday. The stock has a market cap of $11.56 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.16 and a beta of 1.24. TechnipFMC has a 52 week low of $18.20 and a 52 week high of $34.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.29.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3.13 billion. TechnipFMC had a negative net margin of 15.31% and a positive return on equity of 2.94%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, analysts expect that TechnipFMC will post 1.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 63.41%.

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TechnipFMC Company Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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