Quadcap Wealth Management LLC Acquires Shares of 15,697 TechnipFMC plc (NYSE:FTI)

Quadcap Wealth Management LLC acquired a new stake in TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,697 shares of the oil and gas company's stock, valued at approximately $454,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Yousif Capital Management LLC raised its stake in TechnipFMC by 4.6% during the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock worth $236,000 after acquiring an additional 357 shares in the last quarter. Sigma Planning Corp grew its position in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after purchasing an additional 363 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of TechnipFMC by 3.8% during the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after buying an additional 423 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 525 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake 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 acquiring an additional 563 shares during the period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Price Performance

Shares of NYSE:FTI traded down $0.52 on Tuesday, reaching $30.67. 2,638,631 shares of the company traded hands, compared to its average volume of 4,010,248. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The stock has a market capitalization of $12.86 billion, a PE ratio of 20.18 and a beta of 0.98. The company's 50 day moving average is $28.21 and its 200-day moving average is $29.33. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. As a group, analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is currently 10.53%.

Insider Buying and Selling

In other news, CAO David Light sold 10,147 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the sale, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's 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 owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of research reports. Barclays lifted their target price on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Susquehanna decreased their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. StockNews.com downgraded shares of TechnipFMC from a "hold" rating to a "sell" rating in a research report on Friday. Piper Sandler raised their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $36.83.

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.