State of Wyoming Purchases 10,254 Shares of TechnipFMC plc (NYSE:FTI)

State of Wyoming lifted its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 88.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,840 shares of the oil and gas company's stock after purchasing an additional 10,254 shares during the period. State of Wyoming's holdings in TechnipFMC were worth $632,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of TechnipFMC in the 4th quarter worth $46,000. Smartleaf Asset Management LLC raised its stake in TechnipFMC by 55.2% during the 4th 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 period. Compagnie Lombard Odier SCmA acquired a new stake in TechnipFMC during the 4th quarter worth $45,000. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC raised its stake in TechnipFMC by 48.2% during 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 buying an additional 563 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares in the company, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. The trade was a 23.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by insiders.

TechnipFMC Stock Up 0.4%

Shares of NYSE:FTI traded up $0.11 during midday trading on Friday, reaching $29.67. The company had a trading volume of 2,524,711 shares, compared to its average volume of 4,004,985. 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 business's 50 day moving average price is $28.40 and its 200 day moving average price is $29.39. The stock has a market cap of $12.44 billion, a PE ratio of 19.52 and a beta of 0.98. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion during 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 was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on FTI shares. Wall Street Zen raised TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays raised their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Susquehanna dropped 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, Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research note on Thursday. Two investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.