Vestor Capital LLC Raises Position in TechnipFMC plc (NYSE:FTI)

Vestor Capital LLC raised its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 31.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 599,459 shares of the oil and gas company's stock after buying an additional 143,990 shares during the period. TechnipFMC comprises approximately 1.2% of Vestor Capital LLC's investment portfolio, making the stock its 19th biggest position. Vestor Capital LLC owned approximately 0.14% of TechnipFMC worth $15,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company's stock valued at $29,000 after purchasing an additional 735 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of TechnipFMC in the third quarter worth about $30,000. Whittier Trust Co. acquired a new position in TechnipFMC during the first quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 492 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of TechnipFMC during the second quarter worth approximately $33,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. HSBC upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 price objective for the company in a report on Tuesday, October 29th. Barclays increased their price target on TechnipFMC from $34.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Susquehanna raised their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a research report on Friday, October 25th. Citigroup upped their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Finally, TD Cowen upped their target price on TechnipFMC from $35.00 to $37.00 and gave the company a "buy" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.41.

TechnipFMC Price Performance

TechnipFMC stock traded up $0.11 during midday trading on Monday, hitting $26.39. 1,677,103 shares of the company's stock were exchanged, compared to its average volume of 4,058,247. The company has a market cap of $11.23 billion, a P/E ratio of 17.36 and a beta of 1.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The stock has a 50-day moving average price of $26.12 and a two-hundred day moving average price of $26.20. TechnipFMC plc has a 52-week low of $18.33 and a 52-week high of $29.85.

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

TechnipFMC Announces Dividend

The business 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. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. TechnipFMC's payout ratio is currently 13.16%.

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