State of Wyoming Has $632,000 Position in TechnipFMC plc (NYSE:FTI)

State of Wyoming increased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 88.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,840 shares of the oil and gas company's stock after acquiring an additional 10,254 shares during the quarter. State of Wyoming's holdings in TechnipFMC were worth $632,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC during the 4th quarter valued at $45,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in TechnipFMC during the 4th quarter worth $46,000. EverSource Wealth Advisors LLC grew its holdings in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after acquiring an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after purchasing an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Analysts Set New Price Targets

FTI has been the subject of a number of research reports. 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. Piper Sandler lifted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Susquehanna reduced their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen lowered shares of TechnipFMC from a "hold" rating to a "sell" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $36.46.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.12 during mid-day trading on Friday, hitting $29.68. 1,390,954 shares of the company's stock traded hands, compared to its average volume of 4,506,403. 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 one year low of $22.11 and a one year high of $33.45. The firm has a 50 day moving average price of $28.37 and a 200 day moving average price of $29.36. The company has a market cap of $12.44 billion, a PE ratio of 19.52 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results 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 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%. TechnipFMC's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. On average, equities analysts forecast that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders 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 dividend yield of 0.67%. TechnipFMC's dividend payout ratio (DPR) is 10.53%.

Insider Activity

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the business'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 sale, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, the director now owns 100,951 shares of the company's stock, valued at $3,004,301.76. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. Corporate insiders own 1.80% of the company's stock.

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.