Corigliano Investment Advisers LLC Purchases Shares of 397,076 TechnipFMC plc (NYSE:FTI)

Corigliano Investment Advisers LLC acquired a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 397,076 shares of the oil and gas company's stock, valued at approximately $11,491,000. TechnipFMC makes up about 5.5% of Corigliano Investment Advisers LLC's portfolio, making the stock its 4th biggest position. Corigliano Investment Advisers LLC owned approximately 0.09% of TechnipFMC at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in TechnipFMC in the 4th quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of TechnipFMC during the 4th quarter valued at about $46,000. EverSource Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Activity

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 61,706 shares of company stock valued at $1,651,665. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of research reports. Evercore ISI raised 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. Royal Bank of Canada restated an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a research report on Monday, April 28th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays increased their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Susquehanna lowered their price objective on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two equities research 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.83.

TechnipFMC Trading Up 2.3%

NYSE:FTI traded up $0.69 during trading hours on Monday, reaching $30.55. 1,492,614 shares of the company were exchanged, compared to its average volume of 3,990,106. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 20.09 and a beta of 0.98. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $33.45. The stock has a 50 day simple moving average of $27.60 and a 200 day simple moving average of $29.12.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $2.26 billion. During the same period in the previous year, the business posted $0.22 earnings per share. TechnipFMC's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

TechnipFMC 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.