BNP Paribas Arbitrage SA Has $6.68 Million Stake in FMC Technologies, Inc. (FTI)

BNP Paribas Arbitrage SA lifted its position in FMC Technologies, Inc. (NYSE:FTI) by 29.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 239,248 shares of the oil and gas company’s stock after buying an additional 54,317 shares during the period. BNP Paribas Arbitrage SA owned about 0.05% of FMC Technologies worth $6,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTI. First Eagle Investment Management LLC raised its holdings in shares of FMC Technologies by 53.2% during the second quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock valued at $831,931,000 after purchasing an additional 10,617,891 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of FMC Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 27,167,998 shares of the oil and gas company’s stock valued at $738,969,000 after purchasing an additional 896,416 shares during the last quarter. BlackRock Inc. raised its holdings in shares of FMC Technologies by 7.8% during the second quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock valued at $591,104,000 after purchasing an additional 1,571,751 shares during the last quarter. State Street Corp raised its holdings in shares of FMC Technologies by 2.0% during the second quarter. State Street Corp now owns 20,888,596 shares of the oil and gas company’s stock valued at $568,171,000 after purchasing an additional 417,151 shares during the last quarter. Finally, AXA raised its holdings in shares of FMC Technologies by 16.3% during the second quarter. AXA now owns 8,697,311 shares of the oil and gas company’s stock valued at $236,567,000 after purchasing an additional 1,222,075 shares during the last quarter. Hedge funds and other institutional investors own 66.88% of the company’s stock.

Several research analysts have recently weighed in on the stock. HSBC Holdings PLC reissued a “reduce” rating and set a $26.00 price objective on shares of FMC Technologies in a report on Wednesday. BidaskClub cut shares of FMC Technologies from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Citigroup Inc. raised shares of FMC Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $30.00 in a report on Monday, October 2nd. The Goldman Sachs Group, Inc. cut shares of FMC Technologies from a “buy” rating to a “neutral” rating and set a $30.00 price objective for the company. in a report on Monday. Finally, UBS AG reissued a “buy” rating and set a $36.00 price objective (down from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.83.

FMC Technologies, Inc. (FTI) opened at $26.54 on Friday. FMC Technologies, Inc. has a 12-month low of $24.53 and a 12-month high of $37.09. 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 cap of $12,360.00 and a price-to-earnings ratio of 21.20.

FMC Technologies (NYSE:FTI) last released its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the business earned $0.22 EPS. The firm’s revenue was up 74.3% compared to the same quarter last year. equities research analysts forecast that FMC Technologies, Inc. will post 1.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, November 20th. This represents a $0.52 annualized dividend and a yield of 1.96%.

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FMC Technologies 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.

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Institutional Ownership by Quarter for FMC Technologies (NYSE:FTI)

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