Jackson Creek Investment Advisors LLC Buys New Stake in TechnipFMC plc (NYSE:FTI)

Jackson Creek Investment Advisors LLC bought a new position in TechnipFMC plc (NYSE:FTI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 20,676 shares of the oil and gas company's stock, valued at approximately $598,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after purchasing an additional 679,748 shares during the last quarter. Park Avenue Securities LLC bought a new stake in TechnipFMC in the 4th quarter worth approximately $519,000. Sumitomo Mitsui Trust Group Inc. raised its stake in TechnipFMC by 971.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 407,638 shares of the oil and gas company's stock valued at $10,692,000 after buying an additional 369,594 shares during the last quarter. ING Groep NV lifted its holdings in shares of TechnipFMC by 15.3% during the 3rd quarter. ING Groep NV now owns 865,294 shares of the oil and gas company's stock valued at $22,697,000 after buying an additional 114,600 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new position in shares of TechnipFMC in the 3rd quarter worth $49,273,000. Institutional investors own 96.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on FTI. Piper Sandler upped their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Barclays upped their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Monday, March 3rd. Royal Bank of Canada began coverage on shares of TechnipFMC in a report on Monday, November 18th. They issued an "outperform" rating and a $37.00 price objective on the stock. Citigroup boosted their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and increased their price target for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TechnipFMC has a consensus rating of "Buy" and a consensus price target of $36.31.

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TechnipFMC Price Performance

TechnipFMC stock traded up $0.56 during mid-day trading on Tuesday, hitting $25.86. The stock had a trading volume of 7,999,568 shares, compared to its average volume of 3,778,778. TechnipFMC plc has a one year low of $21.78 and a one year high of $33.45. 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 firm has a market capitalization of $10.88 billion, a P/E ratio of 17.02 and a beta of 1.54. The firm's 50 day moving average is $30.33 and its 200 day moving average is $28.62.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is 10.42%.

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.