Counterpoint Mutual Funds LLC Has $751,000 Position in TechnipFMC plc (NYSE:FTI)

Counterpoint Mutual Funds LLC decreased its holdings in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,957 shares of the oil and gas company's stock after selling 21,917 shares during the period. Counterpoint Mutual Funds LLC's holdings in TechnipFMC were worth $751,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in TechnipFMC in the 3rd quarter valued at $185,643,000. Westfield Capital Management Co. LP bought a new stake in shares of TechnipFMC in the 3rd quarter worth about $49,273,000. Jennison Associates LLC increased its position in shares of TechnipFMC by 95.0% during the 3rd quarter. Jennison Associates LLC now owns 2,360,587 shares of the oil and gas company's stock worth $61,918,000 after purchasing an additional 1,150,049 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in TechnipFMC by 50.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,309,710 shares of the oil and gas company's stock valued at $66,842,000 after purchasing an additional 773,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in TechnipFMC by 68.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,694,759 shares of the oil and gas company's stock valued at $44,454,000 after buying an additional 688,622 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Trading Up 0.1 %

Shares of FTI traded up $0.02 during trading hours on Friday, reaching $29.31. The stock had a trading volume of 11,450,670 shares, compared to its average volume of 3,755,583. The company has a market cap of $12.33 billion, a P/E ratio of 19.28 and a beta of 1.54. TechnipFMC plc has a 52 week low of $22.99 and a 52 week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $29.78 and a 200 day moving average of $28.64.

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TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.68%. TechnipFMC's dividend payout ratio (DPR) is currently 10.42%.

Insider Buying and Selling at TechnipFMC

In related news, EVP Justin Rounce sold 42,178 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the transaction, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David Light sold 10,147 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the sale, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research note on Friday, December 13th. They issued a "buy" rating and a $38.00 target price for the company. Evercore ISI raised their target price on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research note on Wednesday, January 15th. Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and raised their price objective for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Barclays upped their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Finally, Piper Sandler boosted their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, TechnipFMC presently has an average rating of "Buy" and a consensus price target of $36.31.

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.