TechnipFMC plc (NYSE:FTI) Stock Position Cut by Headlands Technologies LLC

Headlands Technologies LLC decreased its position in TechnipFMC plc (NYSE:FTI - Free Report) by 51.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 34,818 shares of the oil and gas company's stock after selling 37,263 shares during the period. Headlands Technologies LLC's holdings in TechnipFMC were worth $1,008,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in TechnipFMC during the 4th quarter valued at about $46,000. Smartleaf Asset Management LLC raised its position in shares of TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in TechnipFMC in the 4th quarter valued at approximately $45,000. EverSource Wealth Advisors LLC grew its holdings in 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 valued at $49,000 after buying an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company's stock worth $50,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

Insider Activity at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction 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 approximately $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction dated 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 $3,004,301.76. The trade was a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group assumed coverage on TechnipFMC in a research report on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective on the stock. StockNews.com downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Barclays upped their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research note on Monday, March 3rd. Piper Sandler lifted 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. Finally, Evercore ISI lifted 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. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TechnipFMC currently has a consensus rating of "Moderate Buy" and an average price target of $36.31.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded down $1.29 during trading on Monday, reaching $23.87. 2,316,032 shares of the company's stock traded hands, compared to its average volume of 3,880,862. 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 company has a 50 day moving average of $29.38 and a 200-day moving average of $29.13. TechnipFMC plc has a 12 month low of $22.99 and a 12 month high of $33.45. The stock has a market capitalization of $10.04 billion, a P/E ratio of 15.61 and a beta of 1.11.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is 10.42%.

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.