Graham Capital Management L.P. decreased its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 51.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,494 shares of the oil and gas company's stock after selling 169,487 shares during the period. Graham Capital Management L.P.'s holdings in TechnipFMC were worth $4,616,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its stake in TechnipFMC by 31.5% during the fourth quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company's stock worth $478,620,000 after acquiring an additional 3,962,315 shares during the period. Norges Bank acquired a new position in shares of TechnipFMC during the fourth quarter valued at approximately $96,808,000. Anomaly Capital Management LP increased its stake in shares of TechnipFMC by 46.5% during the fourth quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock valued at $210,295,000 after acquiring an additional 2,306,342 shares during the period. AQR Capital Management LLC increased its stake in shares of TechnipFMC by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 4,132,758 shares of the oil and gas company's stock valued at $119,602,000 after acquiring an additional 1,710,183 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in TechnipFMC by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after buying an additional 1,623,864 shares in the last quarter. Institutional investors own 96.58% of the company's stock.
Insider Buying and Selling
In related news, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the transaction, the executive vice president now owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by company insiders.
TechnipFMC Price Performance
NYSE:FTI traded up $0.55 on Tuesday, reaching $31.30. The stock had a trading volume of 234,109 shares, compared to its average volume of 3,982,784. The company has a market capitalization of $13.12 billion, a P/E ratio of 20.57 and a beta of 0.98. 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. The stock has a fifty day moving average price of $27.68 and a 200-day moving average price of $29.15.
TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results 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 company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. Research analysts forecast 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. Stockholders of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's payout ratio is presently 10.53%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Susquehanna cut their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Piper Sandler lifted 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. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Finally, Evercore ISI lifted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TechnipFMC presently has an average rating of "Moderate Buy" and an average price target of $36.83.
Check Out Our Latest Report on TechnipFMC
TechnipFMC Profile
(
Free Report)
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.
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