Osmosis Investment Management UK Ltd Makes New Investment in TechnipFMC plc $FTI

Osmosis Investment Management UK Ltd purchased a new stake in TechnipFMC plc (NYSE:FTI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,854 shares of the oil and gas company’s stock, valued at approximately $454,000.

Several other hedge funds have also added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC acquired a new stake in shares of TechnipFMC in the 2nd quarter valued at about $3,470,000. Chase Investment Counsel Corp acquired a new stake in TechnipFMC in the 2nd quarter valued at approximately $12,397,000. Oppenheimer Asset Management Inc. bought a new stake in TechnipFMC in the 2nd quarter valued at approximately $8,407,000. BankChampaign National Association bought a new position in shares of TechnipFMC during the 1st quarter worth approximately $1,157,000. Finally, Fisher Asset Management LLC lifted its position in shares of TechnipFMC by 7.1% in the fourth quarter. Fisher Asset Management LLC now owns 408,437 shares of the oil and gas company’s stock worth $18,200,000 after purchasing an additional 27,111 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Citigroup lifted their target price on TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Zacks Research lowered TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, UBS Group set a $80.00 price target on TechnipFMC in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.64.

TechnipFMC Stock Performance

Shares of FTI opened at $75.26 on Wednesday. The company has a market cap of $29.52 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.55 and a beta of 0.72. The firm has a 50-day moving average of $71.45 and a 200-day moving average of $69.56. TechnipFMC plc has a one year low of $35.29 and a one year high of $80.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.TechnipFMC’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.68 earnings per share. As a group, equities analysts forecast that TechnipFMC plc will post 3.09 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s dividend payout ratio is 6.94%.

Insiders Place Their Bets

In related news, Director Eric D. Mullins purchased 6,365 shares of the stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $78.55 per share, with a total value of $499,970.75. Following the acquisition, the director directly owned 8,070 shares in the company, valued at $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by corporate insiders.

About TechnipFMC

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.