SG Americas Securities LLC Raises Stock Holdings in TechnipFMC PLC (NYSE:FTI)

SG Americas Securities LLC increased its position in TechnipFMC PLC (NYSE:FTI) by 1,833.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 767,236 shares of the oil and gas company’s stock after purchasing an additional 727,547 shares during the period. SG Americas Securities LLC owned 0.17% of TechnipFMC worth $18,521,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC grew its stake in TechnipFMC by 2.5% in the third quarter. Fisher Asset Management LLC now owns 924,392 shares of the oil and gas company’s stock worth $22,315,000 after purchasing an additional 22,553 shares during the period. ETRADE Capital Management LLC grew its stake in shares of TechnipFMC by 108.9% in the second quarter. ETRADE Capital Management LLC now owns 25,891 shares of the oil and gas company’s stock worth $672,000 after acquiring an additional 13,496 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of TechnipFMC by 116.3% in the second quarter. Rockefeller Capital Management L.P. now owns 1,728 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 929 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of TechnipFMC by 2.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,679,734 shares of the oil and gas company’s stock worth $43,573,000 after acquiring an additional 38,481 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of TechnipFMC by 92.3% in the second quarter. Primecap Management Co. CA now owns 197,100 shares of the oil and gas company’s stock worth $5,113,000 after acquiring an additional 94,600 shares during the last quarter. 76.49% of the stock is currently owned by institutional investors.

Shares of TechnipFMC stock traded up $0.09 during trading on Friday, hitting $20.60. 2,900,986 shares of the company’s stock traded hands, compared to its average volume of 3,939,974. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.18 and a quick ratio of 1.03. TechnipFMC PLC has a 1 year low of $18.20 and a 1 year high of $28.57. The stock has a market capitalization of $9.45 billion, a P/E ratio of 25.12, a PEG ratio of 0.68 and a beta of 1.43. The business has a 50-day simple moving average of $22.65 and a 200-day simple moving average of $23.87.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.38). TechnipFMC had a negative net margin of 16.30% and a positive return on equity of 2.11%. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the business earned $1.09 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that TechnipFMC PLC will post 1.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.52 annualized dividend and a dividend yield of 2.52%.

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their target price on TechnipFMC from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Royal Bank of Canada set a $30.00 target price on TechnipFMC and gave the stock a “buy” rating in a research note on Friday, October 25th. Berenberg Bank reissued a “buy” rating and issued a $26.00 target price on shares of TechnipFMC in a research note on Tuesday, August 27th. Barclays reissued a “hold” rating on shares of TechnipFMC in a research note on Wednesday. Finally, BMO Capital Markets set a $32.00 target price on TechnipFMC and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the stock. TechnipFMC presently has an average rating of “Buy” and an average price target of $29.25.

TechnipFMC 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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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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