Lebenthal Global Advisors LLC Invests $341,000 in TechnipFMC plc (NYSE:FTI)

Lebenthal Global Advisors LLC bought a new position in TechnipFMC plc (NYSE:FTI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,795 shares of the oil and gas company's stock, valued at approximately $341,000.

A number of other large investors have also made changes to their positions in FTI. KBC Group NV grew its position in TechnipFMC by 41.8% in the fourth quarter. KBC Group NV now owns 17,700 shares of the oil and gas company's stock worth $512,000 after acquiring an additional 5,215 shares in the last quarter. Blue Trust Inc. boosted its holdings in TechnipFMC by 163.9% in the 4th quarter. Blue Trust Inc. now owns 2,892 shares of the oil and gas company's stock valued at $84,000 after purchasing an additional 1,796 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of TechnipFMC in the 4th quarter valued at $250,000. Toth Financial Advisory Corp raised its stake in shares of TechnipFMC by 1,225.0% in the 4th quarter. Toth Financial Advisory Corp now owns 26,500 shares of the oil and gas company's stock valued at $767,000 after buying an additional 24,500 shares in the last quarter. Finally, Impact Partnership Wealth LLC increased its position in shares of TechnipFMC by 8.8% during the 4th quarter. Impact Partnership Wealth LLC now owns 8,967 shares of the oil and gas company's stock worth $260,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

TechnipFMC Trading Up 0.8 %

Shares of TechnipFMC stock traded up $0.25 during trading on Tuesday, hitting $30.72. The company's stock had a trading volume of 2,595,832 shares, compared to its average volume of 3,501,914. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 52 week low of $18.53 and a 52 week high of $33.45. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 20.21 and a beta of 1.54. The stock has a 50-day moving average price of $30.78 and a two-hundred day moving average price of $28.18.

TechnipFMC announced that its Board of Directors has approved a share buyback plan on Wednesday, October 23rd that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to buy up to 9.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Hsbc Global Res raised shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 29th. BMO Capital Markets lifted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Thursday, October 10th. HSBC upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 target price on the stock in a report on Tuesday, October 29th. Susquehanna increased their target price on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a "positive" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group initiated coverage on TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective for the company. One research 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 company. Based on data from MarketBeat.com, TechnipFMC has an average rating of "Buy" and an average price target 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.