Victory Capital Management Inc. purchased a new position in FMC Technologies, Inc. (NYSE:FTI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,159 shares of the oil and gas company’s stock, valued at approximately $331,000.

A number of other institutional investors have also bought and sold shares of the business. Knowledge Leaders Capital LLC acquired a new position in FMC Technologies in the second quarter worth approximately $3,588,000. Everence Capital Management Inc. acquired a new position in FMC Technologies in the second quarter worth approximately $554,000. First Eagle Investment Management LLC grew its position in FMC Technologies by 53.2% in the second quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock worth $831,931,000 after buying an additional 10,617,891 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in FMC Technologies by 53,987.8% in the second quarter. Frontier Capital Management Co. LLC now owns 270,439 shares of the oil and gas company’s stock worth $7,356,000 after buying an additional 269,939 shares during the last quarter. Finally, KBC Group NV grew its position in FMC Technologies by 62.7% in the second quarter. KBC Group NV now owns 829,856 shares of the oil and gas company’s stock worth $22,572,000 after buying an additional 319,803 shares during the last quarter. Hedge funds and other institutional investors own 65.35% of the company’s stock.

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FTI has been the topic of several recent research reports. ValuEngine lowered shares of FMC Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada upgraded shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research report on Friday, August 25th. Cowen and Company restated a “buy” rating and issued a $32.00 price target on shares of FMC Technologies in a research report on Tuesday, July 11th. Scotiabank set a $36.00 price target on shares of FMC Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Sanford C. Bernstein lowered shares of FMC Technologies from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $39.00 to $22.00 in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.61.

FMC Technologies, Inc. (NYSE FTI) opened at 27.61 on Wednesday. The stock’s 50 day moving average is $26.37 and its 200 day moving average is $29.18. The stock has a market capitalization of $12.90 billion, a PE ratio of 33.39 and a beta of 0.93. FMC Technologies, Inc. has a 12-month low of $25.17 and a 12-month high of $37.09.

FMC Technologies (NYSE:FTI) last released its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.80 billion. Analysts forecast that FMC Technologies, Inc. will post $1.06 EPS for the current year.

FMC Technologies Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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