Entropy Technologies LP Invests $1.75 Million in TechnipFMC plc $FTI

Entropy Technologies LP acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,192 shares of the oil and gas company’s stock, valued at approximately $1,746,000.

A number of other large investors have also bought and sold shares of the business. Aptus Capital Advisors LLC lifted its holdings in shares of TechnipFMC by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 243,912 shares of the oil and gas company’s stock valued at $10,869,000 after purchasing an additional 1,013 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of TechnipFMC by 2.8% during the fourth quarter. Kestra Advisory Services LLC now owns 11,353 shares of the oil and gas company’s stock worth $506,000 after buying an additional 305 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of TechnipFMC by 114,326.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 123,581 shares of the oil and gas company’s stock worth $5,507,000 after buying an additional 123,473 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in TechnipFMC by 4.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 545,279 shares of the oil and gas company’s stock valued at $24,298,000 after acquiring an additional 24,695 shares in the last quarter. Finally, Bridgewater Associates LP boosted its position in TechnipFMC by 30.7% during the 4th quarter. Bridgewater Associates LP now owns 787,920 shares of the oil and gas company’s stock worth $35,110,000 after acquiring an additional 185,292 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total transaction of $440,182.00. Following the transaction, the director owned 59,887 shares in the company, valued at approximately $4,151,366.84. This trade represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

TechnipFMC Price Performance

NYSE:FTI opened at $68.41 on Tuesday. TechnipFMC plc has a one year low of $31.88 and a one year high of $77.78. The company has a market cap of $27.27 billion, a P/E ratio of 26.11, a P/E/G ratio of 1.52 and a beta of 0.69. The firm’s fifty day moving average price is $71.61 and its two-hundred day moving average price is $61.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company posted $0.33 EPS. TechnipFMC’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities analysts expect that TechnipFMC plc will post 2.98 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, May 19th. TechnipFMC’s payout ratio is currently 7.63%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FTI shares. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Susquehanna lifted their target price on TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a research report on Friday, May 1st. Weiss Ratings raised TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and raised their price target for the company from $49.00 to $62.00 in a research note on Friday, February 20th. Finally, Zacks Research cut TechnipFMC from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.71.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.