8,895 Shares in TechnipFMC plc (NYSE:FTI) Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC bought a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,895 shares of the oil and gas company's stock, valued at approximately $257,000.

Several other institutional investors have also bought and sold shares of FTI. Norges Bank bought a new stake in TechnipFMC during the fourth quarter worth $96,808,000. Anomaly Capital Management LP raised its stake in shares of TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock worth $210,295,000 after purchasing an additional 2,306,342 shares during the period. Vanguard Group Inc. raised its stake in shares of TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after purchasing an additional 1,623,864 shares during the period. Massachusetts Financial Services Co. MA grew its position in TechnipFMC by 15.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock valued at $282,150,000 after buying an additional 1,319,015 shares during the period. Finally, Yaupon Capital Management LP bought a new position in TechnipFMC during the fourth quarter valued at about $36,567,000. Institutional investors own 96.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FTI. Evercore ISI lifted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Piper Sandler lifted their price target 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 downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Susquehanna decreased their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.83.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction 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 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 legal filing with the SEC, which is accessible through this link. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction 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 directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by insiders.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded up $0.20 on Friday, reaching $29.90. The stock had a trading volume of 3,203,823 shares, compared to its average volume of 3,999,851. The business's 50 day moving average is $27.60 and its two-hundred day moving average is $29.10. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The company has a market cap of $12.53 billion, a P/E ratio of 19.67 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) 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 for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. As a group, research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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

TechnipFMC 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.