Cubist Systematic Strategies LLC Has $1.26 Million Stake in FMC Technologies, Inc. (FTI)

Cubist Systematic Strategies LLC raised its holdings in shares of FMC Technologies, Inc. (NYSE:FTI) by 181.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,428 shares of the oil and gas company’s stock after acquiring an additional 29,912 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in FMC Technologies were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC boosted its stake in shares of FMC Technologies by 53.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock worth $831,931,000 after acquiring an additional 10,617,891 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FMC Technologies by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 27,167,998 shares of the oil and gas company’s stock worth $738,969,000 after acquiring an additional 896,416 shares during the last quarter. BlackRock Inc. boosted its stake in shares of FMC Technologies by 7.8% during the 2nd quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock worth $591,104,000 after acquiring an additional 1,571,751 shares during the last quarter. State Street Corp boosted its stake in shares of FMC Technologies by 2.0% during the 2nd quarter. State Street Corp now owns 20,888,596 shares of the oil and gas company’s stock worth $568,171,000 after acquiring an additional 417,151 shares during the last quarter. Finally, AXA boosted its stake in shares of FMC Technologies by 16.3% during the 2nd quarter. AXA now owns 8,697,311 shares of the oil and gas company’s stock worth $236,567,000 after acquiring an additional 1,222,075 shares during the last quarter. Institutional investors and hedge funds own 65.35% of the company’s stock.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.80 billion.

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FTI has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $43.00 price target (down previously from $45.00) on shares of FMC Technologies in a research note on Thursday, June 22nd. ValuEngine cut shares of FMC Technologies from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company restated a “buy” rating and set a $32.00 target price on shares of FMC Technologies in a research note on Tuesday, July 11th. Royal Bank Of Canada upgraded shares of FMC Technologies from a “sector perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a research note on Friday, August 25th. Finally, HSBC Holdings plc assumed coverage on shares of FMC Technologies in a research note on Monday, September 11th. They set a “hold” rating and a $26.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. FMC Technologies currently has a consensus rating of “Buy” and a consensus price target of $35.09.

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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