Bayesian Capital Management LP grew its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 141.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 period. 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 large investors have also added to or reduced their stakes in FTI. T. Rowe Price Investment Management Inc. raised its holdings in TechnipFMC by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock valued at $1,220,288,000 after buying an additional 365,527 shares during the period. Vanguard Group Inc. raised its stake in shares of TechnipFMC by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock valued at $1,180,576,000 after acquiring an additional 1,623,864 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of TechnipFMC by 31.5% in 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 last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TechnipFMC by 15.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock worth $282,150,000 after purchasing an additional 1,319,015 shares during the period. Finally, Anomaly Capital Management LP grew its holdings in TechnipFMC by 46.5% during 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 last quarter. Institutional investors own 96.58% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on FTI shares. Susquehanna reduced their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Evercore ISI upped their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Piper Sandler lifted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.83.
Check Out Our Latest Report on FTI
TechnipFMC Stock Performance
Shares of FTI stock traded up $0.20 on Friday, hitting $29.90. The company had a trading volume of 3,203,823 shares, compared to its average volume of 3,999,851. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45. 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 firm has a market cap of $12.53 billion, a P/E ratio of 19.67 and a beta of 0.98. The company has a 50-day moving average price of $27.60 and a 200-day moving average price of $29.10.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal 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 given a $0.05 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.
Insider Buying and Selling at TechnipFMC
In related news, CAO David Light sold 10,147 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. The trade was a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 in the last three months. 1.80% of the stock is owned by corporate insiders.
About TechnipFMC
(
Free Report)
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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