TechnipFMC plc (NYSE:FTI) Shares Sold by Geller Advisors LLC

Geller Advisors LLC lessened its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 48.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,087 shares of the oil and gas company's stock after selling 19,510 shares during the period. Geller Advisors LLC's holdings in TechnipFMC were worth $610,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FTI. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of TechnipFMC during the 4th quarter worth $46,000. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in TechnipFMC during the 4th quarter valued at about $45,000. EverSource Wealth Advisors LLC raised its holdings 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 in the last quarter. Finally, V Square Quantitative Management LLC lifted 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 period. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.55 on Tuesday, hitting $31.30. 234,109 shares of the company were exchanged, compared to its average volume of 3,982,859. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock's 50 day moving average price is $27.68 and its 200 day moving average price is $29.15. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45. The firm has a market capitalization of $13.12 billion, a P/E ratio of 20.57 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 firm had revenue of $2.23 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Sell-side analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors 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 yield of 0.64%. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

Insiders Place Their Bets

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. This represents a 23.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction 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 trade represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

About TechnipFMC

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.