Inspire Investing LLC Makes New Investment in TechnipFMC plc (NYSE:FTI)

Inspire Investing LLC purchased a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,600 shares of the oil and gas company's stock, valued at approximately $943,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mutual Advisors LLC lifted its holdings in shares of TechnipFMC by 12.7% in the 4th quarter. Mutual Advisors LLC now owns 11,795 shares of the oil and gas company's stock valued at $341,000 after buying an additional 1,325 shares during the period. SG Americas Securities LLC lifted its holdings in TechnipFMC by 23.8% in the fourth quarter. SG Americas Securities LLC now owns 18,929 shares of the oil and gas company's stock valued at $548,000 after acquiring an additional 3,635 shares during the period. Sheets Smith Wealth Management purchased a new stake in TechnipFMC in the 4th quarter worth approximately $585,000. Ballentine Partners LLC grew its stake in shares of TechnipFMC by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock worth $337,000 after purchasing an additional 423 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of TechnipFMC during the 4th quarter valued at approximately $410,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FTI shares. The Goldman Sachs Group began coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective for the company. Citigroup upped their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. StockNews.com raised TechnipFMC from a "hold" rating to a "buy" rating in a report on Friday, November 1st. BMO Capital Markets upped their target price on TechnipFMC from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised shares of TechnipFMC from a "hold" rating to a "buy" rating and lifted their price target for the company from $29.00 to $40.00 in a research note on Friday, December 6th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of "Buy" and a consensus target price of $36.15.

TechnipFMC Trading Down 1.0 %

NYSE FTI traded down $0.33 during trading hours on Friday, reaching $31.40. The company had a trading volume of 1,929,398 shares, compared to its average volume of 3,563,480. TechnipFMC plc has a 1-year low of $18.53 and a 1-year high of $33.45. The stock has a market capitalization of $13.36 billion, a P/E ratio of 20.66 and a beta of 1.54. The stock has a 50-day moving average of $30.64 and a 200 day moving average of $28.06. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.25. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that TechnipFMC plc will post 1.62 earnings per share for the current fiscal year.

TechnipFMC announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 23rd that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 9.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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.