Marshall Wace North America L.P. Takes Position in TechnipFMC PLC (FTI)

Marshall Wace North America L.P. acquired a new position in shares of TechnipFMC PLC (NYSE:FTI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 800,156 shares of the oil and gas company’s stock, valued at approximately $25,005,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pinebridge Investments L.P. raised its stake in TechnipFMC by 270.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 2,755 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in TechnipFMC during the 2nd quarter valued at $143,000. Dai Ichi Life Insurance Company Ltd acquired a new position in TechnipFMC during the 2nd quarter valued at $210,000. Putnam Investments LLC acquired a new position in TechnipFMC during the 2nd quarter valued at $210,000. Finally, Chicago Equity Partners LLC acquired a new position in TechnipFMC during the 2nd quarter valued at $239,000. 64.83% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently commented on FTI shares. HSBC upgraded shares of TechnipFMC from a “reduce” rating to a “hold” rating in a research note on Monday, November 26th. BMO Capital Markets reiterated a “hold” rating on shares of TechnipFMC in a research note on Tuesday, November 6th. ValuEngine cut shares of TechnipFMC from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. JPMorgan Chase & Co. increased their price objective on shares of TechnipFMC from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Finally, Bank of America restated an “underperform” rating on shares of TechnipFMC in a research note on Tuesday, November 20th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. TechnipFMC presently has a consensus rating of “Hold” and a consensus target price of $36.24.

Shares of FTI stock opened at $21.00 on Friday. TechnipFMC PLC has a 52-week low of $20.98 and a 52-week high of $35.00. The firm has a market capitalization of $10.12 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.31.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.22 billion. As a group, equities research analysts forecast that TechnipFMC PLC will post 1.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Tuesday, November 20th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Monday, November 19th. TechnipFMC’s dividend payout ratio (DPR) is currently 10.08%.

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TechnipFMC Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

Further Reading: Quiet Period

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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