TechnipFMC Sees Unusually Large Options Volume (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) was the target of some unusual options trading activity on Monday. Stock traders bought 19,414 put options on the company. This represents an increase of approximately 766% compared to the typical volume of 2,243 put options.

TechnipFMC Stock Performance

NYSE FTI opened at $25.48 on Tuesday. The company has a market cap of $11.14 billion, a P/E ratio of 212.35 and a beta of 1.65. The company has a fifty day simple moving average of $23.05 and a 200 day simple moving average of $21.19. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Sell-side analysts predict that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is 166.68%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective for the company. in a research report on Friday, February 23rd. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. TD Cowen upped their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Barclays lifted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, Susquehanna reiterated a “positive” rating and issued a $27.00 price target on shares of TechnipFMC in a research note on Monday, April 8th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.34.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. bought a new position in shares of TechnipFMC in the fourth quarter worth approximately $37,976,000. SG Americas Securities LLC increased its stake in TechnipFMC by 71.1% in the fourth quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company’s stock valued at $3,072,000 after acquiring an additional 63,378 shares during the last quarter. Syntal Capital Partners LLC purchased a new stake in TechnipFMC during the third quarter valued at about $665,000. Vanguard Group Inc. boosted its holdings in shares of TechnipFMC by 320.3% in the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after purchasing an additional 30,323,011 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TechnipFMC in the 3rd quarter worth approximately $739,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Company 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.