Traders Purchase Large Volume of TechnipFMC Put Options (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) saw unusually large options trading on Monday. Stock traders bought 19,414 put options on the company. This represents an increase of 766% compared to the average volume of 2,243 put options.

TechnipFMC Price Performance

Shares of FTI opened at $25.28 on Wednesday. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 210.64 and a beta of 1.65. The stock has a 50 day moving average of $23.18 and a 200-day moving average of $21.23. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. As a group, analysts forecast that TechnipFMC will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. TechnipFMC’s dividend payout ratio is currently 166.68%.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC acquired a new position in TechnipFMC during the 1st quarter valued at approximately $654,000. Wallace Advisory Group LLC raised its stake in TechnipFMC by 8.1% during the 1st quarter. Wallace Advisory Group LLC now owns 18,436 shares of the oil and gas company’s stock valued at $463,000 after acquiring an additional 1,387 shares in the last quarter. Fulton Bank N.A. raised its stake in TechnipFMC by 47.4% during the 1st quarter. Fulton Bank N.A. now owns 15,847 shares of the oil and gas company’s stock valued at $398,000 after acquiring an additional 5,097 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in TechnipFMC by 165.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 530,071 shares of the oil and gas company’s stock valued at $13,310,000 after acquiring an additional 330,220 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in TechnipFMC by 1.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 254,474 shares of the oil and gas company’s stock valued at $5,125,000 after acquiring an additional 4,554 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Susquehanna restated a “positive” rating and set a $27.00 price objective on shares of TechnipFMC in a report on Monday, April 8th. Benchmark restated a “buy” rating and set a $30.00 price objective (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a report on Friday, February 23rd. TD Cowen lifted their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, ATB Capital set a $30.00 price objective on TechnipFMC and gave the stock an “outperform” rating in a report on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.34.

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.