MetLife Investment Management LLC boosted its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 5,795.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 438,422 shares of the oil and gas company's stock after buying an additional 430,985 shares during the period. MetLife Investment Management LLC owned approximately 0.10% of TechnipFMC worth $13,894,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of FTI. Mariner LLC raised its position in TechnipFMC by 12.6% during the fourth quarter. Mariner LLC now owns 25,219 shares of the oil and gas company's stock valued at $730,000 after buying an additional 2,819 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of TechnipFMC by 851.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 18,412 shares of the oil and gas company's stock worth $533,000 after acquiring an additional 16,476 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of TechnipFMC in the fourth quarter worth $257,000. Two Sigma Securities LLC acquired a new position in shares of TechnipFMC in the fourth quarter worth $301,000. Finally, Aquatic Capital Management LLC increased its stake in shares of TechnipFMC by 426.7% in the fourth quarter. Aquatic Capital Management LLC now owns 113,267 shares of the oil and gas company's stock worth $3,278,000 after acquiring an additional 91,761 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FTI. Evercore ISI upped their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Royal Bank Of Canada upped their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Barclays upped their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Susquehanna upped their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.92.
Get Our Latest Research Report on TechnipFMC
Insider Transactions at TechnipFMC
In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the transaction, the director directly owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company's stock.
TechnipFMC Stock Performance
NYSE:FTI traded down $0.28 during midday trading on Friday, reaching $36.78. The stock had a trading volume of 3,457,153 shares, compared to its average volume of 4,298,179. TechnipFMC plc has a 1-year low of $22.11 and a 1-year high of $38.05. The firm's fifty day simple moving average is $35.06 and its 200-day simple moving average is $31.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The stock has a market capitalization of $15.12 billion, a P/E ratio of 17.35, a PEG ratio of 1.17 and a beta of 1.04.
TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the business posted $0.43 EPS. TechnipFMC's revenue was up 9.0% compared to the same quarter last year. TechnipFMC has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.
TechnipFMC Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC's dividend payout ratio (DPR) is presently 9.43%.
About TechnipFMC
(
Free Report)
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.
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