TechnipFMC plc (NYSE:FTI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in TechnipFMC plc (NYSE:FTI - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,785,661 shares of the oil and gas company's stock after selling 40,878 shares during the period. Geode Capital Management LLC owned about 1.60% of TechnipFMC worth $196,443,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors raised its position in TechnipFMC by 11.7% during the third quarter. Captrust Financial Advisors now owns 40,741 shares of the oil and gas company's stock worth $1,069,000 after acquiring an additional 4,273 shares during the period. State Street Corp raised its position in shares of TechnipFMC by 1.7% during the 3rd quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock worth $215,100,000 after purchasing an additional 133,775 shares during the last quarter. XTX Topco Ltd lifted its stake in TechnipFMC by 22.8% in the 3rd quarter. XTX Topco Ltd now owns 34,271 shares of the oil and gas company's stock valued at $899,000 after buying an additional 6,355 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in TechnipFMC in the 3rd quarter worth about $4,086,000. Finally, M&T Bank Corp increased its stake in TechnipFMC by 18.8% during the 3rd quarter. M&T Bank Corp now owns 20,602 shares of the oil and gas company's stock worth $541,000 after buying an additional 3,255 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

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TechnipFMC Trading Up 3.5 %

NYSE FTI traded up $0.86 during trading hours on Friday, reaching $25.00. The company had a trading volume of 5,046,953 shares, compared to its average volume of 3,925,379. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10.51 billion, a P/E ratio of 16.44 and a beta of 1.11. The stock has a 50-day moving average of $28.55 and a 200 day moving average of $28.98. TechnipFMC plc has a 1-year low of $22.12 and a 1-year high of $33.45.

TechnipFMC Announces Dividend

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

Insider Buying and Selling

In other news, CAO David Light sold 10,147 shares of the 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 sale, the chief accounting officer now owns 7,529 shares of the company's stock, valued at approximately $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 owns 140,207 shares of the company's stock, 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. In the last quarter, insiders sold 61,706 shares of company stock valued at $1,651,665. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

FTI has been the subject of several research reports. Barclays boosted their price target on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, March 3rd. Piper Sandler raised their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Evercore ISI increased their price target on TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, January 15th. Finally, The Goldman Sachs Group initiated coverage on TechnipFMC in a research note on Friday, December 13th. They set a "buy" rating and a $38.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TechnipFMC currently has an average rating of "Moderate Buy" and an average price target of $36.31.

TechnipFMC 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.