1,263,549 Shares in TechnipFMC plc (NYSE:FTI) Acquired by Yaupon Capital Management LP

Yaupon Capital Management LP purchased a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,263,549 shares of the oil and gas company's stock, valued at approximately $36,567,000. TechnipFMC makes up about 1.5% of Yaupon Capital Management LP's portfolio, making the stock its 11th largest position. Yaupon Capital Management LP owned about 0.30% of TechnipFMC as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FTI. Smartleaf Asset Management LLC lifted its stake in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of TechnipFMC during the 4th quarter worth approximately $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in TechnipFMC in the 4th quarter valued at $46,000. EverSource Wealth Advisors LLC grew its position in TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after acquiring an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 563 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

FTI has been the topic of several research analyst reports. StockNews.com cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna lowered their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Evercore ISI increased their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Barclays raised their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Finally, Piper Sandler boosted their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.15.

TechnipFMC Stock Up 9.9 %

NYSE FTI traded up $2.49 on Thursday, reaching $27.52. The company had a trading volume of 8,411,375 shares, compared to its average volume of 3,987,715. The company's fifty day moving average is $27.58 and its 200-day moving average is $28.88. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 18.11 and a beta of 1.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share 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%. On average, research analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

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

Insider Activity

In related news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were 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 in the company, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David Light sold 10,147 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by company insiders.

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.