Susquehanna Lowers TechnipFMC (NYSE:FTI) Price Target to $35.00

TechnipFMC (NYSE:FTI - Free Report) had its price objective reduced by Susquehanna from $41.00 to $35.00 in a report published on Monday morning,Benzinga reports. They currently have a positive rating on the oil and gas company's stock.

A number of other research analysts also recently issued reports on the company. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Barclays raised their price objective on TechnipFMC from $42.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, March 3rd. StockNews.com downgraded TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Evercore ISI upped their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.15.

TechnipFMC Stock Up 2.2 %

TechnipFMC stock traded up $0.55 during trading hours on Monday, hitting $25.54. 3,377,478 shares of the stock traded hands, compared to its average volume of 3,950,830. The company has a market cap of $10.74 billion, a PE ratio of 16.80 and a beta of 1.11. The firm's 50-day moving average price is $27.95 and its two-hundred day moving average price is $28.93. TechnipFMC has a one year low of $22.12 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.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, March 18th. TechnipFMC's dividend payout ratio (DPR) is presently 10.42%.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company's stock, valued at $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baker Tilly Wealth Management LLC boosted its position in shares of TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock worth $248,000 after purchasing an additional 338 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of TechnipFMC by 4.6% in the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after purchasing an additional 357 shares during the period. Sigma Planning Corp boosted its position in TechnipFMC by 3.3% during the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock worth $334,000 after purchasing an additional 363 shares during the period. GAMMA Investing LLC boosted its holdings in shares of TechnipFMC by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after acquiring an additional 414 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock valued at $337,000 after buying an additional 423 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

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.