TechnipFMC (NYSE:FTI - Free Report) had its price target lifted by Barclays from $42.00 to $43.00 in a report released on Monday morning,Benzinga reports. Barclays currently has an overweight rating on the oil and gas company's stock.
Several other research analysts also recently commented on FTI. Citigroup lifted their target price on TechnipFMC from $34.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and upped their price objective for the company from $29.00 to $40.00 in a report on Friday, December 6th. Evercore ISI increased their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Piper Sandler lifted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday. Finally, The Goldman Sachs Group began coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a "buy" rating and a $38.00 price target on the stock. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $36.31.
Get Our Latest Research Report on TechnipFMC
TechnipFMC Stock Performance
NYSE:FTI traded down $1.25 during mid-day trading on Monday, hitting $28.19. The stock had a trading volume of 5,220,165 shares, compared to its average volume of 3,713,413. The company's 50 day simple moving average is $30.60 and its 200 day simple moving average is $28.62. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 18.55 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC has a twelve month low of $21.36 and a twelve month high of $33.45.
TechnipFMC Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. TechnipFMC's payout ratio is 10.42%.
Hedge Funds Weigh In On TechnipFMC
Several hedge funds and other institutional investors have recently made changes to their positions in FTI. Baker Tilly Wealth Management LLC boosted its holdings 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 valued at $248,000 after purchasing an additional 338 shares in the last quarter. Yousif Capital Management LLC boosted its position in TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after buying an additional 357 shares in the last quarter. Sigma Planning Corp grew its stake in shares of 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 buying an additional 363 shares during the last quarter. GAMMA Investing LLC increased 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 buying an additional 414 shares in the last quarter. Finally, Ballentine Partners LLC lifted its stake in shares of TechnipFMC by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company's stock valued at $337,000 after acquiring an additional 423 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.
About TechnipFMC
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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.
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