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

Semanteon Capital Management LP bought a new position in TechnipFMC plc (NYSE:FTI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 49,389 shares of the oil and gas company’s stock, valued at approximately $995,000.

Several other large investors have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System lifted its position in shares of TechnipFMC by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock worth $2,571,000 after purchasing an additional 660 shares during the last quarter. Fulton Bank N.A. boosted its position in TechnipFMC by 6.8% in the 4th quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 683 shares during the period. Janney Capital Management LLC boosted its stake in shares of TechnipFMC by 2.8% during the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock valued at $546,000 after purchasing an additional 722 shares in the last quarter. Dfpg Investments LLC raised its stake in TechnipFMC by 2.4% in the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock worth $623,000 after buying an additional 738 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in TechnipFMC by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 192,800 shares of the oil and gas company’s stock worth $3,922,000 after buying an additional 980 shares during the period. Institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of research reports. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Barclays boosted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Benchmark reaffirmed a “buy” rating and set a $30.00 target price (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Susquehanna reaffirmed a “positive” rating and set a $27.00 target price on shares of TechnipFMC in a report on Monday, April 8th. Finally, HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target on the stock. in a research report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.34.

Insider Buying and Selling

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was 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 in the company, valued at $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.06% of the stock is currently owned by corporate insiders.

TechnipFMC Trading Up 3.5 %

TechnipFMC stock traded up $0.91 during mid-day trading on Thursday, hitting $26.63. The company’s stock had a trading volume of 8,380,362 shares, compared to its average volume of 4,734,771. The stock’s fifty day moving average is $24.07 and its two-hundred day moving average is $21.50. 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 market capitalization of $11.64 billion, a PE ratio of 221.94 and a beta of 1.65. TechnipFMC plc has a 1 year low of $12.64 and a 1 year high of $27.26.

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

TechnipFMC Announces Dividend

The business 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 $0.05 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. TechnipFMC’s dividend payout ratio is currently 166.68%.

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.