Voloridge Investment Management LLC Takes Position in TechnipFMC plc (NYSE:FTI)

Voloridge Investment Management LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 221,515 shares of the oil and gas company's stock, valued at approximately $6,411,000. Voloridge Investment Management LLC owned approximately 0.05% of TechnipFMC as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FTI. SG Americas Securities LLC lifted its holdings in TechnipFMC by 23.8% during the 4th quarter. SG Americas Securities LLC now owns 18,929 shares of the oil and gas company's stock valued at $548,000 after purchasing an additional 3,635 shares during the last quarter. Mutual Advisors LLC lifted its holdings in TechnipFMC by 12.7% during the 4th quarter. Mutual Advisors LLC now owns 11,795 shares of the oil and gas company's stock valued at $341,000 after purchasing an additional 1,325 shares during the last quarter. Toth Financial Advisory Corp increased its position in TechnipFMC by 1,225.0% during the 4th quarter. Toth Financial Advisory Corp now owns 26,500 shares of the oil and gas company's stock worth $767,000 after buying an additional 24,500 shares during the period. Flagship Harbor Advisors LLC bought a new position in TechnipFMC during the 4th quarter worth $250,000. Finally, Blue Trust Inc. increased its position in TechnipFMC by 163.9% during the 4th quarter. Blue Trust Inc. now owns 2,892 shares of the oil and gas company's stock worth $84,000 after buying an additional 1,796 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 over the last ninety days. Company insiders own 1.80% of the company's stock.

TechnipFMC Stock Down 0.6%

FTI stock traded down $0.19 during mid-day trading on Friday, reaching $30.98. The company had a trading volume of 1,499,538 shares, compared to its average volume of 4,016,452. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 20.41 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. The firm has a fifty day simple moving average of $28.49 and a 200 day simple moving average of $29.43.

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

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a $0.05 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

Analyst Ratings Changes

A number of research analysts have issued reports on FTI shares. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Piper Sandler raised their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Susquehanna lowered their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Finally, Barclays boosted their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and a consensus target price of $36.46.

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.