Barclays PLC Sells 233,123 Shares of TechnipFMC plc (NYSE:FTI)

Barclays PLC decreased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 45.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 274,866 shares of the oil and gas company's stock after selling 233,123 shares during the quarter. Barclays PLC owned approximately 0.06% of TechnipFMC worth $7,955,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in TechnipFMC by 4.1% in 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 acquiring an additional 1,623,864 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in TechnipFMC by 15.6% in the 4th 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 acquiring an additional 1,319,015 shares in the last quarter. American Century Companies Inc. boosted its position in shares of TechnipFMC by 1.2% during the 4th quarter. American Century Companies Inc. now owns 3,869,442 shares of the oil and gas company's stock valued at $111,982,000 after acquiring an additional 46,224 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of TechnipFMC by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after purchasing an additional 249,719 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after acquiring an additional 679,748 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the sale, the executive vice president now owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's 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 completion of the sale, the director now owns 100,951 shares of the company's stock, valued at $3,004,301.76. This trade 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 in the last 90 days. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI upped their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Barclays boosted their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of TechnipFMC in a report on Monday. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, TechnipFMC has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.25 during trading hours on Tuesday, hitting $28.97. 621,108 shares of the stock traded hands, compared to its average volume of 3,973,685. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 19.05 and a beta of 1.11. The firm's 50 day moving average price is $27.48 and its 200-day moving average price is $28.92. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI - Get Free Report) last issued 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 return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. The business's revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed 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 is Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.69%. TechnipFMC's dividend payout ratio is presently 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.