TechnipFMC plc (NYSE:FTI) is Anomaly Capital Management LP's 2nd Largest Position

Anomaly Capital Management LP raised its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 46.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,266,580 shares of the oil and gas company's stock after buying an additional 2,306,342 shares during the quarter. TechnipFMC makes up about 6.2% of Anomaly Capital Management LP's investment portfolio, making the stock its 2nd largest holding. Anomaly Capital Management LP owned about 1.71% of TechnipFMC worth $210,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in TechnipFMC by 851.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,412 shares of the oil and gas company's stock valued at $533,000 after buying an additional 16,476 shares in the last quarter. Ostrum Asset Management increased its holdings in shares of TechnipFMC by 44.7% in the fourth quarter. Ostrum Asset Management now owns 48,445 shares of the oil and gas company's stock valued at $1,402,000 after buying an additional 14,965 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TechnipFMC by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,929 shares of the oil and gas company's stock valued at $142,414,000 after acquiring an additional 138,556 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of TechnipFMC by 88.2% during the 4th quarter. Canada Pension Plan Investment Board now owns 287,800 shares of the oil and gas company's stock valued at $8,329,000 after acquiring an additional 134,900 shares during the last quarter. Finally, Farringdon Capital Ltd. bought a new stake in shares of TechnipFMC during the 4th quarter worth $214,000. 96.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTI shares. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Piper Sandler upped their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Susquehanna dropped their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Evercore ISI upped their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Finally, Barclays lifted their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.15.

TechnipFMC Stock Up 9.9 %

FTI traded up $2.49 during midday trading on Thursday, hitting $27.52. 8,411,375 shares of the company's stock traded hands, compared to its average volume of 3,987,715. 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 company has a market cap of $11.57 billion, a PE ratio of 18.11 and a beta of 1.11. The stock's fifty day simple moving average is $27.58 and its 200-day simple moving average is $28.88. TechnipFMC plc has a one year low of $22.12 and a one year high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. As a group, equities analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio is presently 10.42%.

Insider Activity

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. The trade was a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,706 shares of company stock valued at $1,651,665 in the last 90 days. 1.80% of the stock is owned by company insiders.

About TechnipFMC

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.