Semanteon Capital Management LP Makes New $995,000 Investment in TechnipFMC plc (NYSE:FTI)

Semanteon Capital Management LP purchased a new stake in TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,389 shares of the oil and gas company’s stock, valued at approximately $995,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 valued at $809,303,000 after purchasing an additional 30,323,011 shares during the period. Invesco Ltd. lifted its position in TechnipFMC by 75.7% in the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after buying an additional 5,587,050 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of TechnipFMC by 161.9% during the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock valued at $108,048,000 after acquiring an additional 3,283,972 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of TechnipFMC during the 4th quarter valued at $37,976,000. Finally, Lord Abbett & CO. LLC increased its stake in shares of TechnipFMC by 68.7% in the third quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock worth $81,380,000 after acquiring an additional 1,629,170 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now directly owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.91 during mid-day trading on Thursday, hitting $26.63. 8,380,362 shares of the company’s stock traded hands, compared to its average volume of 4,734,771. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $24.07 and a two-hundred day moving average of $21.50. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 221.94 and a beta of 1.65. TechnipFMC plc has a 12 month low of $12.64 and a 12 month high of $27.26.

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

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, May 20th. TechnipFMC’s payout ratio is presently 166.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FTI shares. Susquehanna reissued a “positive” rating and issued a $27.00 price target on shares of TechnipFMC in a research note on Monday, April 8th. TD Cowen increased their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Bank of America raised their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective for the company. in a report on Friday, February 23rd. Finally, Benchmark restated a “buy” rating and set a $30.00 target price (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.34.

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.