First Trust Advisors LP Sells 14,585 Shares of TechnipFMC plc (NYSE:FTI)

First Trust Advisors LP reduced its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,610 shares of the oil and gas company's stock after selling 14,585 shares during the quarter. First Trust Advisors LP owned approximately 0.06% of TechnipFMC worth $7,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in TechnipFMC during the fourth quarter valued at about $46,000. Smartleaf Asset Management LLC lifted its position in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of TechnipFMC during the fourth quarter valued at about $45,000. EverSource Wealth Advisors LLC grew 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 valued at $49,000 after purchasing an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after acquiring an additional 563 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's 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 transaction, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was 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 $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,706 shares of company stock valued at $1,651,665. Company insiders own 1.80% of the company's stock.

TechnipFMC Trading Up 2.3 %

Shares of NYSE FTI traded up $0.67 during mid-day trading on Friday, hitting $29.69. 2,780,021 shares of the company traded hands, compared to its average volume of 3,984,541. The business has a 50 day moving average of $27.48 and a two-hundred day moving average of $28.95. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 19.53 and a beta of 1.11. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. 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 (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 for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.22 earnings per share. On average, sell-side analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued 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 dividend yield of 0.67%. TechnipFMC's dividend payout ratio is 10.53%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FTI shares. Royal Bank of Canada reissued an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Monday. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna cut their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Barclays boosted their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Piper Sandler increased their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.83.

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.