Fuller & Thaler Asset Management Inc. Invests $506,000 in TechnipFMC plc (NYSE:FTI)

Fuller & Thaler Asset Management Inc. acquired a new stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,480 shares of the oil and gas company's stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of TechnipFMC in the fourth quarter worth approximately $96,808,000. Anomaly Capital Management LP raised its stake in TechnipFMC by 46.5% during the fourth quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company's stock worth $210,295,000 after purchasing an additional 2,306,342 shares during the period. Vanguard Group Inc. boosted its holdings in shares of TechnipFMC by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock valued at $1,180,576,000 after purchasing an additional 1,623,864 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TechnipFMC by 15.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock valued at $282,150,000 after buying an additional 1,319,015 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in shares of TechnipFMC during the 4th quarter worth $36,567,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

NYSE:FTI opened at $28.36 on Friday. The firm has a 50-day moving average of $27.52 and a two-hundred day moving average of $28.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The stock has a market cap of $11.93 billion, a P/E ratio of 18.66 and a beta of 1.11. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.26 billion. On average, research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.71%. TechnipFMC's dividend payout ratio is presently 10.42%.

Wall Street Analyst Weigh In

FTI has been the topic of a number of research analyst reports. Barclays lifted their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday. Evercore ISI boosted 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. Susquehanna cut their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Finally, Piper Sandler raised their target price 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. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $36.83.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's 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 sale, the director now owns 100,951 shares in the company, valued at $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Justin Rounce sold 42,178 shares of the 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 approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock worth $1,651,665 in the last ninety days. 1.80% of the stock is owned by insiders.

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.

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