Schonfeld Strategic Advisors LLC Sells 50,515 Shares of TechnipFMC plc (NYSE:FTI)

Schonfeld Strategic Advisors LLC lowered its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 63.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,542 shares of the oil and gas company's stock after selling 50,515 shares during the period. Schonfeld Strategic Advisors LLC's holdings in TechnipFMC were worth $826,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in shares of TechnipFMC by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after purchasing an additional 414 shares during the period. Diversified Trust Co boosted its position in shares of TechnipFMC by 68.9% in the fourth quarter. Diversified Trust Co now owns 61,281 shares of the oil and gas company's stock valued at $1,773,000 after acquiring an additional 24,989 shares during the period. Baker Tilly Wealth Management LLC boosted its position in shares of TechnipFMC by 4.1% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock valued at $248,000 after acquiring an additional 338 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in TechnipFMC by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,184 shares of the oil and gas company's stock valued at $1,105,000 after buying an additional 744 shares during the period. Finally, Pallas Capital Advisors LLC increased its holdings in TechnipFMC by 25.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 29,011 shares of the oil and gas company's stock valued at $840,000 after buying an additional 5,960 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. 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. Susquehanna decreased their price objective 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, Barclays upped their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and a consensus price target of $36.83.

Insiders Place Their Bets

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by corporate insiders.

TechnipFMC Price Performance

Shares of NYSE FTI traded up $0.53 during mid-day trading on Tuesday, reaching $31.28. The company had a trading volume of 2,849,513 shares, compared to its average volume of 3,995,150. The business's 50-day simple moving average is $27.68 and its 200 day simple moving average is $29.15. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 20.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a one year low of $22.12 and a one year high of $33.45.

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

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

TechnipFMC Company 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.