TechnipFMC plc (NYSE:FTI) Shares Purchased by Symmetry Investments LP

Symmetry Investments LP increased its stake in shares of TechnipFMC plc (NYSE:FTI – Get Rating) by 161.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 829,800 shares of the oil and gas company’s stock after acquiring an additional 512,008 shares during the period. TechnipFMC comprises 1.5% of Symmetry Investments LP’s holdings, making the stock its 24th largest position. Symmetry Investments LP owned approximately 0.18% of TechnipFMC worth $4,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Systematic Alpha Investments LLC acquired a new stake in TechnipFMC during the third quarter worth about $53,000. Carmel Capital Partners LLC acquired a new stake in TechnipFMC during the fourth quarter worth about $59,000. Cambridge Investment Research Advisors Inc. acquired a new stake in TechnipFMC during the fourth quarter worth about $61,000. CAPROCK Group Inc. purchased a new position in TechnipFMC during the fourth quarter worth approximately $63,000. Finally, Fox Run Management L.L.C. purchased a new position in TechnipFMC during the fourth quarter worth approximately $67,000. 88.53% of the stock is currently owned by hedge funds and other institutional investors.

FTI stock opened at $7.37 on Friday. The business has a fifty day moving average of $7.64 and a two-hundred day moving average of $6.96. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -8.01 and a beta of 1.90. TechnipFMC plc has a 52-week low of $5.55 and a 52-week high of $10.70.

TechnipFMC (NYSE:FTI – Get Rating) last posted its earnings results on Wednesday, April 27th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.58 billion. TechnipFMC had a negative return on equity of 3.41% and a negative net margin of 6.58%. During the same period last year, the business earned ($0.03) EPS. As a group, sell-side analysts anticipate that TechnipFMC plc will post 0.16 EPS for the current year.

FTI has been the topic of a number of recent analyst reports. Societe Generale upgraded TechnipFMC from a “hold” rating to a “buy” rating and increased their price target for the stock from $7.57 to $10.00 in a research report on Tuesday, April 19th. StockNews.com started coverage on TechnipFMC in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Kepler Capital Markets upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Monday, February 28th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $10.50.

TechnipFMC Profile (Get Rating)

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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.

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