De Lisle Partners LLP Acquires 15,000 Shares of TechnipFMC plc $FTI

De Lisle Partners LLP boosted its holdings in shares of TechnipFMC plc (NYSE:FTI) by 8.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 194,094 shares of the oil and gas company’s stock after purchasing an additional 15,000 shares during the quarter. TechnipFMC makes up about 1.1% of De Lisle Partners LLP’s portfolio, making the stock its 22nd largest position. De Lisle Partners LLP’s holdings in TechnipFMC were worth $8,652,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FTI. State Street Corp boosted its stake in TechnipFMC by 62.2% during the 3rd quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock valued at $508,276,000 after purchasing an additional 4,938,498 shares during the period. Norges Bank acquired a new position in TechnipFMC in the 4th quarter valued at approximately $205,468,000. AQR Capital Management LLC raised its holdings in TechnipFMC by 34.0% in the 3rd quarter. AQR Capital Management LLC now owns 13,316,569 shares of the oil and gas company’s stock valued at $525,339,000 after acquiring an additional 3,378,159 shares in the last quarter. Alliancebernstein L.P. raised its holdings in TechnipFMC by 184.0% in the 3rd quarter. Alliancebernstein L.P. now owns 4,802,525 shares of the oil and gas company’s stock valued at $189,460,000 after acquiring an additional 3,111,399 shares in the last quarter. Finally, Danske Bank A S acquired a new position in TechnipFMC in the 3rd quarter valued at approximately $52,848,000. Institutional investors own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on FTI shares. Citigroup upped their price target on TechnipFMC from $48.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada upped their price target on TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a report on Wednesday, June 3rd. Piper Sandler upped their price target on TechnipFMC from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Susquehanna upped their price target on TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Insiders Place Their Bets

In related news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the firm’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the completion of the sale, the director directly owned 59,887 shares of the company’s stock, valued at $4,151,366.84. This trade represents a 9.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

TechnipFMC Price Performance

Shares of FTI stock opened at $70.70 on Friday. The stock’s fifty day simple moving average is $71.67 and its 200 day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88. The firm has a market cap of $28.19 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.52 and a beta of 0.69. TechnipFMC plc has a one year low of $31.88 and a one year high of $77.78.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm earned $0.33 EPS. TechnipFMC’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts expect that TechnipFMC plc will post 2.98 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, May 19th. TechnipFMC’s dividend payout ratio (DPR) is currently 7.63%.

TechnipFMC Profile

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.