XTX Topco Ltd Has $1.18 Million Position in TechnipFMC plc (NYSE:FTI)

XTX Topco Ltd decreased its stake in TechnipFMC plc (NYSE:FTI) by 15.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 37,181 shares of the oil and gas company’s stock after selling 6,633 shares during the period. XTX Topco Ltd’s holdings in TechnipFMC were worth $1,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its position in TechnipFMC by 49.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,206 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 4,684 shares during the period. Pictet Asset Management Holding SA increased its position in shares of TechnipFMC by 14.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 63,575 shares of the oil and gas company’s stock worth $1,840,000 after buying an additional 7,830 shares during the period. Schroder Investment Management Group bought a new position in TechnipFMC during the fourth quarter worth $4,916,000. Massachusetts Financial Services Co. MA raised its stake in TechnipFMC by 15.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company’s stock worth $282,150,000 after buying an additional 1,319,015 shares during the last quarter. Finally, Westpac Banking Corp bought a new stake in TechnipFMC during the fourth quarter valued at $55,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on FTI. Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Royal Bank Of Canada lifted their target price on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Evercore ISI increased their price target on TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Susquehanna lifted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Finally, Barclays increased their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, TechnipFMC has a consensus rating of “Moderate Buy” and a consensus target price of $38.92.

TechnipFMC Stock Down 2.9%

Shares of NYSE FTI opened at $35.32 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The company has a 50-day moving average price of $33.99 and a 200-day moving average price of $30.72. The stock has a market capitalization of $14.52 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.20 and a beta of 1.04. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $38.05.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. On average, equities research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.6%. TechnipFMC’s dividend payout ratio is 9.43%.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the transaction, the director directly owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

TechnipFMC Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.