Entropy Technologies LP Invests $575,000 in TechnipFMC plc (NYSE:FTI)

Entropy Technologies LP bought a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,932 shares of the oil and gas company's stock, valued at approximately $575,000.

Several other institutional investors have also recently bought and sold shares of the business. Oak Thistle LLC boosted its holdings in TechnipFMC by 3.2% in the second quarter. Oak Thistle LLC now owns 13,705 shares of the oil and gas company's stock valued at $358,000 after acquiring an additional 421 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in TechnipFMC by 5.1% in the second quarter. Pallas Capital Advisors LLC now owns 8,901 shares of the oil and gas company's stock valued at $246,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC boosted its holdings in TechnipFMC by 73.1% in the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 492 shares during the last quarter. Ballentine Partners LLC boosted its holdings in TechnipFMC by 4.8% in the third quarter. Ballentine Partners LLC now owns 11,223 shares of the oil and gas company's stock valued at $294,000 after acquiring an additional 515 shares during the last quarter. Finally, Creative Planning boosted its holdings in TechnipFMC by 3.2% in the second quarter. Creative Planning now owns 17,392 shares of the oil and gas company's stock valued at $455,000 after acquiring an additional 546 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com upgraded TechnipFMC from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Susquehanna boosted their price target on TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a research note on Friday, October 25th. Hsbc Global Res raised TechnipFMC from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Barclays boosted their price target on TechnipFMC from $34.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 28th. Finally, TD Cowen boosted their price target on TechnipFMC from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $33.60.

TechnipFMC Stock Down 1.2 %

NYSE FTI traded down $0.33 on Friday, reaching $28.16. The company had a trading volume of 3,506,986 shares, compared to its average volume of 4,018,911. The stock has a market capitalization of $11.98 billion, a P/E ratio of 18.54 and a beta of 1.51. The company's fifty day moving average is $26.45 and its 200 day moving average is $26.34. TechnipFMC plc has a 52-week low of $18.33 and a 52-week high of $29.85. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.25. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. TechnipFMC's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. Sell-side analysts anticipate that TechnipFMC plc will post 1.47 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. TechnipFMC's dividend payout ratio (DPR) is presently 13.16%.

TechnipFMC declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

TechnipFMC 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.