Jane Street Group LLC Invests $509,000 in TechnipFMC plc Ordinary Share (FTI) Stock

Jane Street Group LLC bought a new stake in TechnipFMC plc Ordinary Share (NYSE:FTI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,243 shares of the oil and gas company’s stock, valued at approximately $509,000.

Other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC boosted its holdings in shares of TechnipFMC plc Ordinary Share by 102.0% in the 2nd quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock valued at $521,000 after purchasing an additional 9,677 shares in the last quarter. Ninepoint Partners LP acquired a new stake in shares of TechnipFMC plc Ordinary Share during the 3rd quarter valued at $307,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of TechnipFMC plc Ordinary Share during the 2nd quarter valued at $1,409,000. Nippon Life Insurance Co. boosted its holdings in shares of TechnipFMC plc Ordinary Share by 44.0% during the 3rd quarter. Nippon Life Insurance Co. now owns 39,100 shares of the oil and gas company’s stock valued at $1,092,000 after acquiring an additional 11,952 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of TechnipFMC plc Ordinary Share by 5.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock valued at $1,046,000 after acquiring an additional 1,982 shares in the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on the company. Wolfe Research assumed coverage on TechnipFMC plc Ordinary Share in a report on Wednesday. They set an “outperform” rating on the stock. Cowen set a $35.00 target price on TechnipFMC plc Ordinary Share and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley reaffirmed a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, December 6th. Griffin Securities reaffirmed a “buy” rating on shares of TechnipFMC plc Ordinary Share in a report on Monday, December 4th. Finally, Scotiabank set a $33.00 target price on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.18.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) opened at $27.43 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. The company has a market capitalization of $12,798.62, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 0.90 and a beta of 0.90. TechnipFMC plc Ordinary Share has a twelve month low of $24.53 and a twelve month high of $36.14.

TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. The firm’s revenue was up 74.3% on a year-over-year basis. sell-side analysts predict that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st were paid a $0.13 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%.

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TechnipFMC plc Ordinary Share Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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