10,494 Shares in TechnipFMC plc (NYSE:FTI) Bought by CTC Alternative Strategies Ltd.

CTC Alternative Strategies Ltd. purchased a new stake in TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,494 shares of the oil and gas company's stock, valued at approximately $304,000. TechnipFMC makes up about 0.4% of CTC Alternative Strategies Ltd.'s holdings, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FTI. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of TechnipFMC during the fourth quarter worth about $46,000. Smartleaf Asset Management LLC grew its holdings in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after buying an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of TechnipFMC during the fourth quarter worth about $45,000. EverSource Wealth Advisors LLC grew its holdings in shares of TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after buying an additional 563 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now directly 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 link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the sale, the director now directly owns 100,951 shares of the company's stock, valued at $3,004,301.76. This represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,706 shares of company stock worth $1,651,665. Insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FTI shares. Susquehanna lowered 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. Royal Bank of Canada reissued an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Barclays lifted their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and an average price target of $36.46.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded up $0.49 during trading on Thursday, hitting $31.21. 1,452,662 shares of the company were exchanged, compared to its average volume of 4,016,198. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The stock has a market capitalization of $13.09 billion, a price-to-earnings ratio of 20.52 and a beta of 0.98. The firm has a 50 day moving average price of $28.46 and a 200 day moving average price of $29.42.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, equities analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.64%. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

About TechnipFMC

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.