Jump Financial LLC Reduces Holdings in TechnipFMC plc (NYSE:FTI)

Jump Financial LLC trimmed its position in TechnipFMC plc (NYSE:FTI - Free Report) by 62.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,653 shares of the oil and gas company's stock after selling 87,781 shares during the period. Jump Financial LLC's holdings in TechnipFMC were worth $1,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 worth $1,180,576,000 after purchasing an additional 1,623,864 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in TechnipFMC by 15.6% in the fourth 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 last quarter. American Century Companies Inc. boosted its holdings in TechnipFMC by 1.2% in the fourth quarter. American Century Companies Inc. now owns 3,869,442 shares of the oil and gas company's stock worth $111,982,000 after acquiring an additional 46,224 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of TechnipFMC by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock worth $105,618,000 after acquiring an additional 249,719 shares during the last quarter. Finally, Franklin Resources Inc. increased 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 acquiring an additional 679,748 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Stock Performance

Shares of FTI traded down $0.17 during trading hours on Wednesday, hitting $25.03. The stock had a trading volume of 8,432,807 shares, compared to its average volume of 3,967,329. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 16.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm has a 50-day moving average price of $27.74 and a 200 day moving average price of $28.91. TechnipFMC plc has a fifty-two week low of $22.12 and a fifty-two week high of $33.45.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's payout ratio is currently 10.42%.

Insider Activity

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David Light sold 10,147 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares of the company's stock, valued at $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. 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. Company insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. 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 note on Monday, March 3rd. Evercore ISI raised their target price on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Piper Sandler raised their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Finally, Susquehanna decreased their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.15.

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.