Webs Creek Capital Management LP Sells 10,740 Shares of TechnipFMC plc (NYSE:FTI)

Webs Creek Capital Management LP decreased its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,342,177 shares of the oil and gas company's stock after selling 10,740 shares during the quarter. TechnipFMC accounts for about 9.4% of Webs Creek Capital Management LP's holdings, making the stock its 5th largest holding. Webs Creek Capital Management LP owned 0.32% of TechnipFMC worth $38,843,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in TechnipFMC in the 4th quarter worth about $46,000. Smartleaf Asset Management LLC raised its holdings in 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 worth $43,000 after purchasing an additional 525 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC in the 4th quarter worth about $45,000. EverSource Wealth Advisors LLC raised its holdings in TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in 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 purchasing an additional 563 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Stock Performance

NYSE FTI traded up $0.05 during trading on Tuesday, reaching $28.77. The company's stock had a trading volume of 1,515,718 shares, compared to its average volume of 3,977,022. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 18.87 and a beta of 1.11. The business's fifty day moving average price is $27.48 and its 200-day moving average price is $28.92. 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 twelve month low of $22.12 and a twelve month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share 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 net margin of 7.63% and a return on equity of 20.11%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. As a group, analysts anticipate 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. Investors of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

Analyst Upgrades and Downgrades

Several analysts recently commented on FTI shares. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Monday. Piper Sandler lifted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Evercore ISI lifted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Susquehanna lowered their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Finally, 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 note on Friday. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $36.83.

Insider Buying and Selling

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 sale, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction dated 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 directly owns 100,951 shares in the company, valued at $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 90 days, insiders have sold 61,706 shares of company stock valued at $1,651,665. Corporate insiders own 1.80% of the company's stock.

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.