Centiva Capital LP raised its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 50.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,348 shares of the oil and gas company's stock after acquiring an additional 25,478 shares during the period. Centiva Capital LP's holdings in TechnipFMC were worth $2,210,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its stake in shares of TechnipFMC by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock worth $1,220,288,000 after acquiring an additional 365,527 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TechnipFMC by 4.1% during 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 buying an additional 1,623,864 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of TechnipFMC by 31.5% in the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after buying an additional 3,962,315 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of TechnipFMC by 15.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock valued at $282,150,000 after acquiring an additional 1,319,015 shares during the last quarter. Finally, Anomaly Capital Management LP grew its position 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 worth $210,295,000 after acquiring an additional 2,306,342 shares during the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
FTI has been the topic of several recent analyst reports. Susquehanna cut their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays lifted their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Evercore ISI lifted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $36.83.
Read Our Latest Research Report on TechnipFMC
TechnipFMC Stock Performance
TechnipFMC stock traded up $0.53 during midday trading on Monday, hitting $30.39. 1,188,063 shares of the company were exchanged, compared to its average volume of 3,988,952. The business has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $29.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm has a market capitalization of $12.74 billion, a PE ratio of 20.02 and a beta of 0.98. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45.
TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the firm earned $0.22 earnings per share. TechnipFMC's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current year.
TechnipFMC Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.
Insider Buying and Selling
In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction dated 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 approximately $3,004,301.76. The trade was a 8.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by company 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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