Stephens Investment Management Group LLC Has $90.87 Million Stock Position in TechnipFMC plc (NYSE:FTI)

Stephens Investment Management Group LLC lessened its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,464,366 shares of the oil and gas company's stock after selling 556,494 shares during the quarter. TechnipFMC accounts for approximately 1.2% of Stephens Investment Management Group LLC's holdings, making the stock its 19th largest holding. Stephens Investment Management Group LLC owned 0.81% of TechnipFMC worth $90,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of TechnipFMC by 8.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company's stock valued at $1,019,337,000 after buying an additional 3,259,348 shares during the period. Anomaly Capital Management LP increased its holdings in TechnipFMC by 50.3% during the 2nd quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company's stock worth $89,429,000 after purchasing an additional 1,144,087 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of TechnipFMC by 391.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,036,797 shares of the oil and gas company's stock valued at $27,112,000 after purchasing an additional 825,842 shares during the period. Yaupon Capital Management LP lifted its holdings in shares of TechnipFMC by 4,931.0% in the first quarter. Yaupon Capital Management LP now owns 805,305 shares of the oil and gas company's stock valued at $20,221,000 after purchasing an additional 789,298 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of TechnipFMC by 125.0% in the second quarter. Los Angeles Capital Management LLC now owns 1,192,737 shares of the oil and gas company's stock valued at $31,190,000 after purchasing an additional 662,666 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Performance

TechnipFMC stock traded down $0.41 during mid-day trading on Friday, hitting $26.28. 2,408,788 shares of the company's stock traded hands, compared to its average volume of 4,069,478. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $26.13 and a two-hundred day simple moving average of $26.18. TechnipFMC plc has a fifty-two week low of $18.33 and a fifty-two week high of $29.85. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 17.56 and a beta of 1.50.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.39 by $0.25. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. TechnipFMC's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, research analysts expect that TechnipFMC plc will post 1.42 EPS for the current fiscal year.

TechnipFMC announced that its Board of Directors has initiated a share buyback 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 reacquire up to 9.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 annualized dividend and a yield of 0.76%. TechnipFMC's dividend payout ratio (DPR) is presently 13.16%.

Analyst Ratings Changes

A number of research firms have weighed in on FTI. Hsbc Global Res raised TechnipFMC from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. HSBC raised shares of TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 price objective on the stock in a research report on Tuesday. Susquehanna lifted their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a research note on Friday, October 25th. TD Cowen increased their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their target price on TechnipFMC from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.41.

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.