Marshall Wace North America L.P. Takes Position in TechnipFMC PLC (FTI)

Marshall Wace North America L.P. bought a new stake in shares of TechnipFMC PLC (NYSE:FTI) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 800,156 shares of the oil and gas company’s stock, valued at approximately $25,005,000. Marshall Wace North America L.P. owned 0.17% of TechnipFMC as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FTI. Pinebridge Investments L.P. lifted its stake in shares of TechnipFMC by 270.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock worth $120,000 after acquiring an additional 2,755 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $143,000. Putnam Investments LLC bought a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $210,000. Dai Ichi Life Insurance Company Ltd bought a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $210,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of TechnipFMC in the 2nd quarter worth approximately $239,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on FTI. ValuEngine downgraded shares of TechnipFMC from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Piper Jaffray Companies reiterated a “buy” rating on shares of TechnipFMC in a report on Monday, October 29th. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, August 16th. Credit Suisse Group dropped their target price on shares of TechnipFMC from $38.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, HSBC upgraded shares of TechnipFMC from a “reduce” rating to a “hold” rating in a report on Monday, November 26th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.24.

FTI stock opened at $21.00 on Friday. TechnipFMC PLC has a 52-week low of $20.98 and a 52-week high of $35.00. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. The company has a market cap of $10.12 billion, a PE ratio of 20.27, a PEG ratio of 1.44 and a beta of 1.08.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.22 billion. Equities research analysts anticipate that TechnipFMC PLC will post 1.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Tuesday, November 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, November 19th. TechnipFMC’s payout ratio is presently 10.08%.

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About TechnipFMC

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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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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