Teza Capital Management LLC Trims Position in TechnipFMC plc (NYSE:FTI)

Teza Capital Management LLC trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 78.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,055 shares of the oil and gas company's stock after selling 138,202 shares during the period. Teza Capital Management LLC's holdings in TechnipFMC were worth $1,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTI. Smartleaf Asset Management LLC grew its stake in TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC during the 4th quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in TechnipFMC during the 4th quarter worth $46,000. EverSource Wealth Advisors LLC increased its stake in shares of TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock valued at $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of TechnipFMC by 48.2% during the fourth 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 last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on FTI. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday. Susquehanna dropped their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Finally, Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Thursday. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TechnipFMC has an average rating of "Moderate Buy" and an average price target of $36.46.

TechnipFMC Trading Up 0.4%

TechnipFMC stock traded up $0.11 during mid-day trading on Friday, hitting $29.67. The company's stock had a trading volume of 2,524,711 shares, compared to its average volume of 4,004,985. TechnipFMC plc has a one year low of $22.12 and a one year high of $33.45. The stock has a market cap of $12.44 billion, a PE ratio of 19.52 and a beta of 0.98. The company has a 50 day moving average of $28.40 and a 200-day moving average of $29.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC (NYSE:FTI - Get Free Report) last announced 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). The firm 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%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 earnings per share. On average, research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the business'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 completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David Light sold 10,147 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This represents a 57.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock valued at $1,651,665 over the last quarter. 1.80% of the stock is owned by insiders.

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.