Crestline Management LP Has $882,000 Position in TechnipFMC plc (NYSE:FTI)

Crestline Management LP lifted its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 167.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,491 shares of the oil and gas company's stock after purchasing an additional 19,110 shares during the period. Crestline Management LP's holdings in TechnipFMC were worth $882,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FTI. Avantax Advisory Services Inc. increased its stake in TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after purchasing an additional 4,314 shares in the last quarter. Park Avenue Securities LLC purchased a new position in TechnipFMC in the 4th quarter worth about $519,000. Raymond James Financial Inc. purchased a new position in TechnipFMC in the 4th quarter worth about $9,152,000. Charles Schwab Investment Management Inc. increased its stake in TechnipFMC by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after purchasing an additional 249,719 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in TechnipFMC by 1,024.4% in the 4th quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock worth $415,000 after purchasing an additional 13,071 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Down 0.8%

Shares of TechnipFMC stock traded down $0.24 during trading on Thursday, hitting $31.24. 888,704 shares of the stock traded hands, compared to its average volume of 3,998,876. The stock has a market cap of $13.10 billion, a P/E ratio of 20.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a twelve month low of $22.12 and a twelve month high of $33.45. The company has a fifty day moving average price of $27.88 and a two-hundred day moving average price of $29.18.

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

TechnipFMC Announces Dividend

The company 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 dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. TechnipFMC's dividend payout ratio is 10.53%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FTI shares. Evercore ISI lifted their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. StockNews.com cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Piper Sandler lifted their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays lifted their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.

Insider Activity

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 value of $252,660.30. Following the completion of the sale, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. 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 insiders.

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.