Mercer Global Advisors Inc. ADV Makes New $375,000 Investment in TechnipFMC plc (NYSE:FTI)

Mercer Global Advisors Inc. ADV bought a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,945 shares of the oil and gas company's stock, valued at approximately $375,000.

A number of other large investors also recently modified their holdings of FTI. Avantax Advisory Services Inc. raised its position in shares of TechnipFMC by 24.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after acquiring an additional 4,314 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of TechnipFMC in the 4th quarter valued at $519,000. Raymond James Financial Inc. acquired a new position in TechnipFMC in the fourth quarter valued at about $9,152,000. Charles Schwab Investment Management Inc. increased its holdings in shares of TechnipFMC by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after acquiring an additional 249,719 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of TechnipFMC by 1,024.4% during the fourth quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock worth $415,000 after purchasing an additional 13,071 shares during the period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $279,178.56. Following the sale, the director now owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% 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 worth $1,651,665 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FTI has been the topic of a number of recent research reports. Barclays lifted 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. 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. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. Susquehanna cut their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, StockNews.com downgraded TechnipFMC from a "hold" rating to a "sell" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, TechnipFMC currently has a consensus rating of "Moderate Buy" and an average price target of $36.83.

TechnipFMC Price Performance

Shares of NYSE FTI traded down $0.13 during midday trading on Tuesday, hitting $31.01. 241,372 shares of the company's stock were exchanged, compared to its average volume of 4,002,217. The business's fifty day moving average price is $28.21 and its two-hundred day moving average price is $29.33. TechnipFMC plc has a 12-month low of $22.12 and a 12-month high of $33.45. 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 company has a market cap of $13.00 billion, a price-to-earnings ratio of 20.38 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly 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 company had revenue of $2.23 billion for 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%. TechnipFMC's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share. As a group, research analysts forecast that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. TechnipFMC's dividend payout ratio (DPR) is presently 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.