TechnipFMC plc (NYSE:FTI) is Sagefield Capital LP's 7th Largest Position

Sagefield Capital LP decreased its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,144,960 shares of the oil and gas company's stock after selling 185,496 shares during the quarter. TechnipFMC makes up approximately 3.7% of Sagefield Capital LP's portfolio, making the stock its 7th biggest position. Sagefield Capital LP owned 0.27% of TechnipFMC worth $33,135,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of TechnipFMC in the 4th quarter valued at about $46,000. Smartleaf Asset Management LLC lifted its stake in TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of TechnipFMC during the 4th quarter worth approximately $45,000. EverSource Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in shares of TechnipFMC by 48.2% during 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 buying an additional 563 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on FTI. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Sanford C. Bernstein lowered TechnipFMC from an "outperform" rating to a "market perform" rating and set a $32.00 target price for the company. in a research report on Thursday. Susquehanna dropped their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Piper Sandler raised their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Barclays upped their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.46.

Insider Buying and Selling

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the business'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 of the company's stock, valued at $3,722,495.85. The trade was a 23.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm'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 sale, the director now owns 100,951 shares in the company, valued at approximately $3,004,301.76. This trade represents 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 worth $1,651,665. Insiders own 1.80% of the company's stock.

TechnipFMC Stock Performance

TechnipFMC stock traded down $0.25 during midday trading on Thursday, reaching $29.63. The stock had a trading volume of 2,184,639 shares, compared to its average volume of 4,001,169. The firm's 50-day moving average price is $28.34 and its 200 day moving average price is $29.34. TechnipFMC plc has a 12 month low of $22.12 and a 12 month 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 firm has a market capitalization of $12.42 billion, a PE ratio of 19.45 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's payout ratio is 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.