Capula Management Ltd Purchases Shares of 15,257 TechnipFMC plc (NYSE:FTI)

Capula Management Ltd acquired a new position in shares of TechnipFMC plc (NYSE:FTI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,257 shares of the oil and gas company's stock, valued at approximately $442,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of TechnipFMC in the 4th quarter worth $46,000. Smartleaf Asset Management LLC boosted its holdings in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after buying an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC during the fourth quarter worth about $45,000. EverSource Wealth Advisors LLC grew its position in shares of TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after buying an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of 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 valued at $50,000 after acquiring an additional 563 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Piper Sandler boosted their price target 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 target price on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Finally, Barclays increased their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.31.

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TechnipFMC Stock Up 3.5 %

NYSE FTI traded up $0.86 during trading on Friday, hitting $25.00. The stock had a trading volume of 5,046,953 shares, compared to its average volume of 3,922,053. TechnipFMC plc has a 12 month low of $22.12 and a 12 month high of $33.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The company's 50-day moving average price is $28.55 and its two-hundred day moving average price is $29.00. The company has a market capitalization of $10.51 billion, a PE ratio of 16.44 and a beta of 1.11.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.80%. The ex-dividend date was Tuesday, March 18th. TechnipFMC's payout ratio is 10.42%.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the business'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 value of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,706 shares of company stock valued at $1,651,665. Corporate insiders own 1.80% of the company's stock.

About TechnipFMC

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.