TechnipFMC plc (NYSE:FTI) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in TechnipFMC plc (NYSE:FTI - Free Report) by 4,802.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 415,610 shares of the oil and gas company's stock after purchasing an additional 407,132 shares during the quarter. Marshall Wace LLP owned about 0.10% of TechnipFMC worth $12,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc raised its position in shares of TechnipFMC by 1.9% during the 3rd quarter. Morse Asset Management Inc now owns 67,575 shares of the oil and gas company's stock valued at $1,772,000 after buying an additional 1,245 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of TechnipFMC by 264.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,783 shares of the oil and gas company's stock worth $755,000 after purchasing an additional 20,877 shares during the period. Franklin Resources Inc. increased its position in shares of TechnipFMC by 23.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after purchasing an additional 679,748 shares during the last quarter. GAMMA Investing LLC lifted its position in TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after buying an additional 414 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in TechnipFMC during the fourth quarter valued at $4,088,000. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

TechnipFMC stock traded up $0.86 during mid-day trading on Friday, reaching $28.36. 6,006,081 shares of the company traded hands, compared to its average volume of 3,979,967. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The firm's fifty day moving average is $27.52 and its two-hundred day moving average is $28.91. 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 company has a market capitalization of $11.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.11.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. On average, equities research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's payout ratio is 10.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Susquehanna cut their target price 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 lifted their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Evercore ISI lifted their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Barclays lifted their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Two 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 stock. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.83.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Light sold 10,147 shares of the firm's stock in a transaction dated 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 $187,472.10. This trade represents a 57.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,706 shares of company stock worth $1,651,665. Insiders own 1.80% of the company's stock.

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.