Aigen Investment Management LP Takes $289,000 Position in TechnipFMC plc (NYSE:FTI)

Aigen Investment Management LP purchased a new stake in TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 9,992 shares of the oil and gas company's stock, valued at approximately $289,000.

Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of TechnipFMC by 5.1% in the 4th quarter. M&T Bank Corp now owns 21,649 shares of the oil and gas company's stock worth $627,000 after purchasing an additional 1,047 shares during the period. Assetmark Inc. grew its holdings in TechnipFMC by 18.9% during the 4th quarter. Assetmark Inc. now owns 11,999 shares of the oil and gas company's stock worth $347,000 after acquiring an additional 1,905 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in TechnipFMC by 7.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after purchasing an additional 249,719 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of TechnipFMC by 106.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,031 shares of the oil and gas company's stock worth $59,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new stake in TechnipFMC during the fourth quarter valued at $68,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Up 1.9 %

NYSE:FTI traded up $0.50 during trading hours on Wednesday, hitting $26.38. 2,819,840 shares of the stock traded hands, compared to its average volume of 3,775,442. The firm has a 50 day moving average price of $30.26 and a 200 day moving average price of $28.62. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 17.35 and a beta of 1.54. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a fifty-two week low of $22.08 and a fifty-two week high of $33.45.

Remove Ads

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is 10.42%.

Analyst Ratings Changes

Several equities analysts have recently commented on FTI shares. Jefferies Financial Group raised TechnipFMC from a "hold" rating to a "buy" rating and upped their target price for the company from $29.00 to $40.00 in a report on Friday, December 6th. Piper Sandler raised their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Citigroup lifted their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. The Goldman Sachs Group initiated coverage on TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 target price for the company. Finally, Evercore ISI upped their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $36.31.

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.