Level Four Advisory Services LLC Has $260,000 Position in FMC Technologies, Inc. (NYSE:FTI)

Level Four Advisory Services LLC reduced its position in FMC Technologies, Inc. (NYSE:FTI) by 75.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,876 shares of the oil and gas company’s stock after selling 24,242 shares during the quarter. Level Four Advisory Services LLC’s holdings in FMC Technologies were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in FMC Technologies by 98.3% during the 1st quarter. Ameriprise Financial Inc. now owns 235,564 shares of the oil and gas company’s stock worth $7,657,000 after buying an additional 116,793 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in FMC Technologies by 111.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,170 shares of the oil and gas company’s stock worth $493,000 after buying an additional 7,980 shares during the period. FMR LLC boosted its position in FMC Technologies by 138.2% during the 1st quarter. FMR LLC now owns 5,051,838 shares of the oil and gas company’s stock worth $164,533,000 after buying an additional 2,931,043 shares during the period. PNC Financial Services Group Inc. boosted its position in FMC Technologies by 9.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 34,305 shares of the oil and gas company’s stock worth $1,114,000 after buying an additional 3,056 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of FMC Technologies by 172.3% in the 1st quarter. Legal & General Group Plc now owns 2,946,026 shares of the oil and gas company’s stock worth $12,257,000 after purchasing an additional 1,864,130 shares during the period. 65.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on the stock. HSBC Holdings plc began coverage on shares of FMC Technologies in a research report on Monday, September 11th. They issued a “hold” rating and a $26.00 price target on the stock. Piper Jaffray Companies set a $32.00 target price on shares of FMC Technologies and gave the company a “buy” rating in a research report on Wednesday, July 26th. Gabelli upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Friday, October 20th. Cowen and Company set a $32.00 price target on shares of FMC Technologies and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, ValuEngine upgraded shares of FMC Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $34.58.

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Shares of FMC Technologies, Inc. (NYSE FTI) traded down 0.04% on Friday, hitting $26.57. 5,136,425 shares of the stock traded hands. The firm has a market cap of $12.41 billion, a PE ratio of 32.13 and a beta of 0.95. FMC Technologies, Inc. has a 52-week low of $24.53 and a 52-week high of $37.09. The firm has a 50 day moving average price of $26.68 and a 200 day moving average price of $28.20.

FMC Technologies (NYSE:FTI) last released its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.07). The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.87 billion. FMC Technologies’s quarterly revenue was up 74.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities analysts forecast that FMC Technologies, Inc. will post $1.06 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be given a $0.13 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.52 annualized dividend and a dividend yield of 1.96%.

FMC Technologies Company 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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