Barclays PLC Has $13.33 Million Stake in TechnipFMC plc (NYSE:FTI)

Barclays PLC lessened its position in TechnipFMC plc (NYSE:FTI - Free Report) by 45.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 507,989 shares of the oil and gas company's stock after selling 430,728 shares during the period. Barclays PLC owned about 0.12% of TechnipFMC worth $13,325,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in TechnipFMC in the third quarter valued at about $4,086,000. XTX Topco Ltd raised its stake in shares of TechnipFMC by 22.8% in the third quarter. XTX Topco Ltd now owns 34,271 shares of the oil and gas company's stock valued at $899,000 after acquiring an additional 6,355 shares during the last quarter. State Street Corp raised its stake in shares of TechnipFMC by 1.7% in the third quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock valued at $215,100,000 after acquiring an additional 133,775 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in shares of TechnipFMC in the 3rd quarter worth approximately $189,000. Finally, Morse Asset Management Inc grew its position in TechnipFMC by 2.6% during the 3rd quarter. Morse Asset Management Inc now owns 68,075 shares of the oil and gas company's stock worth $1,786,000 after acquiring an additional 1,745 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Trading Down 0.7 %

Shares of NYSE:FTI traded down $0.20 during midday trading on Monday, hitting $30.80. The company had a trading volume of 3,221,177 shares, compared to its average volume of 3,991,079. 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 12 month low of $18.33 and a 12 month high of $32.64. The firm has a fifty day simple moving average of $28.52 and a 200 day simple moving average of $27.00. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 20.26 and a beta of 1.54.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.25. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company's revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. On average, analysts predict that TechnipFMC plc will post 1.61 EPS for the current year.

TechnipFMC announced that its board has approved a share buyback program on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, November 19th. TechnipFMC's dividend payout ratio is currently 13.16%.

Analysts Set New Price Targets

FTI has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on TechnipFMC from $32.00 to $33.00 and gave the company a "market perform" rating in a research report on Thursday, October 10th. Barclays upped their price target on shares of TechnipFMC from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Hsbc Global Res raised shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. StockNews.com raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada assumed coverage on shares of TechnipFMC in a research note on Monday, November 18th. They set an "outperform" rating and a $37.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $34.69.

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.