111 Capital Buys Shares of 18,959 TechnipFMC plc (NYSE:FTI)

111 Capital bought a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,959 shares of the oil and gas company's stock, valued at approximately $549,000.

Several other institutional investors and hedge funds have also made changes to their positions in FTI. Ameriprise Financial Inc. boosted its holdings in shares of TechnipFMC by 31.5% during 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 purchasing an additional 3,962,315 shares during the last quarter. Norges Bank acquired a new position in shares of TechnipFMC during the 4th quarter worth approximately $96,808,000. Anomaly Capital Management LP boosted its holdings in shares of 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 purchasing an additional 2,306,342 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of TechnipFMC by 70.6% during the 4th quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock worth $119,602,000 after purchasing an additional 1,710,183 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after purchasing an additional 1,623,864 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TechnipFMC

In related news, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction dated 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 in the company, valued at $3,722,495.85. This trade represents a 23.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. Company insiders own 1.80% of the company's stock.

TechnipFMC Trading Up 0.2%

NYSE FTI traded up $0.07 on Monday, reaching $31.22. The stock had a trading volume of 4,567,933 shares, compared to its average volume of 4,037,706. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45. The stock has a fifty day moving average price of $28.52 and a two-hundred day moving average price of $29.48. 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 capitalization of $13.09 billion, a price-to-earnings ratio of 20.54 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the company posted $0.22 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

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 paid 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 (DPR) is 10.53%.

Wall Street Analyst Weigh In

FTI has been the topic of several analyst reports. Susquehanna reduced their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. 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 report on Friday, February 28th. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Finally, Barclays lifted their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.46.

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.