TechnipFMC plc (NYSE:FTI) Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC trimmed its stake in shares of TechnipFMC plc (NYSE:FTI) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and 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 comprises 8.0% of Kopion Asset Management LLC’s portfolio, making the stock its 2nd largest position. Kopion Asset Management LLC owned approximately 0.09% of TechnipFMC worth $11,398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. lifted its stake in TechnipFMC by 203.6% in 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 worth about $30,000. GAMMA Investing LLC increased its stake in shares of TechnipFMC by 59.5% in the third 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 period. Toth Financial Advisory Corp grew its holdings in 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 buying an additional 1,900 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in TechnipFMC in the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Up 0.8 %

NYSE:FTI traded up $0.25 during trading hours on Wednesday, hitting $32.72. 108,156 shares of the company’s stock traded hands, compared to its average volume of 3,081,823. TechnipFMC plc has a twelve month low of $18.50 and a twelve month high of $33.45. The firm has a market cap of $13.92 billion, a P/E ratio of 21.53 and a beta of 1.54. 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’s fifty day moving average price is $30.01 and its two-hundred day moving average price is $27.74.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 7.63% and a return on equity of 20.11%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, research analysts expect that TechnipFMC plc will post 1.61 earnings per share for the current fiscal year.

TechnipFMC declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. TechnipFMC’s payout ratio is 13.16%.

Analyst Upgrades and Downgrades

FTI has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 price target for the company. Susquehanna upped their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a research note on Friday, October 25th. Barclays upped their target price on TechnipFMC from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Citigroup raised their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. 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’s stock. According to data from MarketBeat.com, TechnipFMC has an average rating of “Buy” and a consensus price target 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.