Osmosis Investment Management UK Ltd Acquires New Shares in TechnipFMC plc $FTI

Osmosis Investment Management UK Ltd purchased a new position in shares of TechnipFMC plc (NYSE:FTI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,854 shares of the oil and gas company’s stock, valued at approximately $454,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTI. Sanctuary Advisors LLC purchased a new stake in shares of TechnipFMC in the second quarter valued at $2,511,000. PEAK6 LLC purchased a new stake in TechnipFMC in the second quarter valued at approximately $50,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of TechnipFMC during the 2nd quarter worth $680,000. Globeflex Capital L P purchased a new position in shares of TechnipFMC in the 2nd quarter worth about $1,011,000. Finally, Bank of Nova Scotia purchased a new position in TechnipFMC in the second quarter valued at approximately $35,934,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

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TechnipFMC Trading Down 0.8%

TechnipFMC stock opened at $75.26 on Wednesday. TechnipFMC plc has a one year low of $35.29 and a one year high of $80.55. The company has a market capitalization of $29.52 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The company’s fifty day moving average price is $71.45 and its two-hundred day moving average price is $69.56.

TechnipFMC (NYSE:FTI – Get Free Report) 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. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. On average, analysts forecast that TechnipFMC plc will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company 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 of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is presently 6.94%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FTI. Evercore reissued an “outperform” rating and set a $83.00 price target on shares of TechnipFMC in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Zacks Research cut TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Citigroup increased their price objective on shares of TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Check Out Our Latest Stock Analysis on TechnipFMC

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Eric D. Mullins bought 6,365 shares of the stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the purchase, the director owned 8,070 shares in the company, valued at $633,898.50. This represents a 373.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

TechnipFMC Company Profile

(Free Report)

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.

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