Kopion Asset Management LLC Has $11.40 Million Position in TechnipFMC plc (NYSE:FTI)

Kopion Asset Management LLC lessened its position in TechnipFMC plc (NYSE:FTI - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 393,837 shares of the oil and gas company's stock after selling 63,959 shares during the quarter. TechnipFMC makes up about 8.0% of Kopion Asset Management LLC's investment portfolio, making the stock its 2nd largest holding. Kopion Asset Management LLC owned about 0.09% of TechnipFMC worth $11,398,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in TechnipFMC by 203.6% during the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company's stock valued at $29,000 after buying an additional 735 shares during the last quarter. ORG Wealth Partners LLC bought a new position in TechnipFMC in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC boosted its stake in TechnipFMC by 59.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,858 shares of the oil and gas company's stock valued at $49,000 after purchasing an additional 693 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of TechnipFMC by 1,900.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company's stock worth $52,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of TechnipFMC in the 3rd quarter worth $56,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Performance

TechnipFMC stock traded down $0.09 during trading on Wednesday, reaching $32.38. The company had a trading volume of 5,294,069 shares, compared to its average volume of 3,662,760. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 21.30 and a beta of 1.54. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $30.12 and its 200 day simple moving average is $27.79. TechnipFMC plc has a 52 week low of $18.50 and a 52 week high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Sell-side analysts forecast that TechnipFMC plc will post 1.61 earnings per share for the current fiscal year.

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

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were given a $0.05 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.62%. TechnipFMC's payout ratio is currently 13.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada began coverage on TechnipFMC in a research report on Monday, November 18th. They set an "outperform" rating and a $37.00 price objective on the stock. Citigroup raised their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Evercore ISI increased their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday. BMO Capital Markets lifted their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a "market perform" rating in a research report on Thursday, October 10th. Finally, TD Cowen reissued a "buy" rating and set a $37.00 price target on shares of TechnipFMC in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TechnipFMC has an average rating of "Buy" and a consensus target price of $36.15.

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.