TechnipFMC plc $FTI Shares Purchased by Olympiad Research LP

Olympiad Research LP lifted its holdings in TechnipFMC plc (NYSE:FTI) by 30.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,077 shares of the oil and gas company’s stock after acquiring an additional 2,118 shares during the period. Olympiad Research LP’s holdings in TechnipFMC were worth $313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Diversified Trust Co raised its position in TechnipFMC by 0.8% in the second quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company’s stock valued at $1,406,000 after purchasing an additional 306 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of TechnipFMC by 45.3% during 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 acquiring an additional 340 shares in the last quarter. Financial Network Wealth Advisors LLC increased its position in shares of TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 346 shares during the last quarter. Diversify Advisory Services LLC increased its position in shares of TechnipFMC by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock worth $238,000 after acquiring an additional 362 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in shares of TechnipFMC by 4.9% in the second quarter. Sigma Planning Corp now owns 11,917 shares of the oil and gas company’s stock worth $410,000 after acquiring an additional 558 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Transactions at TechnipFMC

In other TechnipFMC news, CFO Alf Melin sold 113,760 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total value of $4,392,273.60. Following the completion of the transaction, the chief financial officer directly owned 241,140 shares in the company, valued at $9,310,415.40. This trade represents a 32.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas J. Pferdehirt sold 80,304 shares of TechnipFMC stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.35, for a total transaction of $3,079,658.40. The disclosure for this sale is available in the SEC filing. Insiders have sold 876,603 shares of company stock valued at $33,832,588 over the last three months. Company insiders own 1.80% of the company’s stock.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $43.13 on Friday. TechnipFMC plc has a 1 year low of $22.11 and a 1 year high of $44.33. The firm has a market cap of $17.45 billion, a P/E ratio of 19.25, a PEG ratio of 1.20 and a beta of 1.00. The stock has a fifty day moving average price of $39.53 and a two-hundred day moving average price of $35.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.13.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.10. TechnipFMC had a return on equity of 30.23% and a net margin of 9.67%.The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC declared that its board has approved a share repurchase program on Wednesday, October 22nd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the oil and gas company to reacquire up to 13.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Tuesday, November 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, November 18th. TechnipFMC’s payout ratio is presently 8.93%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FTI. Susquehanna raised their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Evercore ISI increased their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Jefferies Financial Group lifted their target price on TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane upgraded TechnipFMC from a “neutral” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TechnipFMC has a consensus rating of “Moderate Buy” and an average price target of $45.36.

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.