Sei Investments Co. Sells 36,146 Shares of TechnipFMC plc (NYSE:FTI)

Sei Investments Co. cut its position in shares of TechnipFMC plc (NYSE:FTI - Free Report) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 338,438 shares of the oil and gas company's stock after selling 36,146 shares during the quarter. Sei Investments Co. owned about 0.08% of TechnipFMC worth $9,794,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of TechnipFMC by 1.7% during the 3rd quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company's stock valued at $215,100,000 after buying an additional 133,775 shares in the last quarter. American Century Companies Inc. boosted its stake in TechnipFMC by 1.2% during 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 holdings in TechnipFMC by 7.3% in 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 purchasing an additional 249,719 shares during the period. Franklin Resources Inc. increased its stake 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 purchasing an additional 679,748 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of TechnipFMC by 10.4% during the fourth quarter. Van ECK Associates Corp now owns 2,987,606 shares of the oil and gas company's stock valued at $86,461,000 after purchasing an additional 281,665 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FTI. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. StockNews.com cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays raised their price target on TechnipFMC from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, March 3rd. Evercore ISI upped 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. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating and raised their price objective for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $36.31.

TechnipFMC Stock Performance

FTI traded down $2.37 during mid-day trading on Thursday, reaching $30.25. 2,748,611 shares of the company traded hands, compared to its average volume of 3,854,129. The stock has a market capitalization of $12.72 billion, a P/E ratio of 19.91 and a beta of 1.54. TechnipFMC plc has a 52-week low of $22.99 and a 52-week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The company's fifty day moving average price is $29.55 and its 200-day moving average price is $29.07.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.66%. TechnipFMC's dividend payout ratio (DPR) is 10.42%.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. The trade was 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 accessible through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,706 shares of company stock valued at $1,651,665. Insiders own 1.80% of the company's stock.

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.