TechnipFMC plc (NYSE:FTI) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 48.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,312 shares of the oil and gas company's stock after selling 8,855 shares during the period. Corient Private Wealth LLC's holdings in TechnipFMC were worth $270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FTI. 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 valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of TechnipFMC in the 4th quarter valued at approximately $45,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of TechnipFMC during the 4th quarter worth approximately $46,000. EverSource Wealth Advisors LLC increased 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 valued at $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock valued at $50,000 after purchasing an additional 563 shares during the period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Up 1.4 %

FTI stock traded up $0.46 during midday trading on Wednesday, reaching $32.63. 5,468,593 shares of the company were exchanged, compared to its average volume of 3,856,821. The company has a market cap of $13.72 billion, a price-to-earnings ratio of 21.47 and a beta of 1.54. 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 1-year low of $22.99 and a 1-year high of $33.45. The stock's 50-day simple moving average is $29.53 and its 200 day simple moving average is $29.05.

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TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a $0.05 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler raised their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Barclays lifted their target price on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Jefferies Financial Group raised shares of TechnipFMC from a "hold" rating to a "buy" rating and upped their target price for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 price target for the company. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.31.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO David Light sold 10,147 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the sale, the chief accounting officer now directly owns 7,529 shares of the company's stock, valued at $187,472.10. The trade was a 57.41 % decrease in their ownership of the stock. 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. 1.80% of the stock is currently owned by insiders.

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.