TechnipFMC plc (NYSE:FTI) Shares Purchased by SCP Investment LP

SCP Investment LP lifted its stake in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 272.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,800 shares of the oil and gas company's stock after buying an additional 24,000 shares during the period. TechnipFMC makes up approximately 0.7% of SCP Investment LP's investment portfolio, making the stock its 18th biggest holding. SCP Investment LP's holdings in TechnipFMC were worth $949,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of TechnipFMC by 23.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock valued at $98,838,000 after buying an additional 679,748 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in shares of TechnipFMC by 24.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock worth $634,000 after purchasing an additional 4,314 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of TechnipFMC in the fourth quarter valued at approximately $519,000. Raymond James Financial Inc. acquired a new stake in TechnipFMC during the 4th quarter worth $9,152,000. Finally, Charles Schwab Investment Management Inc. grew its stake in TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after acquiring an additional 249,719 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company's stock.

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TechnipFMC Stock Performance

Shares of NYSE:FTI traded up $0.46 during trading on Wednesday, reaching $32.63. The company had a trading volume of 5,468,394 shares, compared to its average volume of 3,867,737. 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 firm has a market capitalization of $13.72 billion, a price-to-earnings ratio of 21.47 and a beta of 1.54. The stock's fifty day moving average price is $29.53 and its 200 day moving average price is $29.05. TechnipFMC plc has a fifty-two week low of $22.99 and a fifty-two week high of $33.45.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.61%. TechnipFMC's dividend payout ratio is currently 10.42%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FTI shares. Jefferies Financial Group raised TechnipFMC from a "hold" rating to a "buy" rating and raised their target price for the stock from $29.00 to $40.00 in a research note on Friday, December 6th. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Evercore ISI boosted their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Barclays lifted their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group started coverage on TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.31.

Insider Activity

In other TechnipFMC news, CAO David Light sold 10,147 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This trade represents a 57.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock valued at $1,651,665 in the last three months. 1.80% of the stock is currently owned by company insiders.

About TechnipFMC

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.