Bayesian Capital Management LP Has $1.28 Million Stock Position in TechnipFMC plc (NYSE:FTI)

Bayesian Capital Management LP lifted its position in TechnipFMC plc (NYSE:FTI - Free Report) by 141.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,074 shares of the oil and gas company's stock after purchasing an additional 25,800 shares during the quarter. Bayesian Capital Management LP's holdings in TechnipFMC were worth $1,276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FTI. Ameriprise Financial Inc. lifted its holdings in shares of TechnipFMC by 31.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after acquiring an additional 3,962,315 shares during the period. Norges Bank acquired a new stake in TechnipFMC during the fourth quarter valued at approximately $96,808,000. Anomaly Capital Management LP grew its stake in shares of TechnipFMC by 46.5% in the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock valued at $210,295,000 after purchasing an additional 2,306,342 shares during the period. AQR Capital Management LLC raised its holdings in shares of TechnipFMC by 70.6% in the 4th quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock worth $119,602,000 after buying an additional 1,710,183 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after buying an additional 1,623,864 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insider Transactions at TechnipFMC

In other news, CAO David Light sold 10,147 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the sale, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. The trade was a 8.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock worth $1,651,665 in the last three months. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays boosted their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Evercore ISI raised their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Piper Sandler boosted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.83.

TechnipFMC Price Performance

TechnipFMC stock opened at $29.69 on Monday. The business's 50-day simple moving average is $27.48 and its 200 day simple moving average is $28.99. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 19.53 and a beta of 0.98. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is currently 10.53%.

TechnipFMC Company Profile

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.

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