Inceptionr LLC Buys 21,509 Shares of TechnipFMC plc (NYSE:FTI)

Inceptionr LLC increased its position in TechnipFMC plc (NYSE:FTI - Free Report) by 195.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,529 shares of the oil and gas company's stock after purchasing an additional 21,509 shares during the period. Inceptionr LLC's holdings in TechnipFMC were worth $941,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new stake in shares of TechnipFMC during the 3rd quarter valued at $185,643,000. Westfield Capital Management Co. LP purchased a new position in TechnipFMC during the 3rd quarter valued at about $49,273,000. Jennison Associates LLC boosted its stake in TechnipFMC by 95.0% during the third quarter. Jennison Associates LLC now owns 2,360,587 shares of the oil and gas company's stock worth $61,918,000 after acquiring an additional 1,150,049 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in TechnipFMC by 50.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,309,710 shares of the oil and gas company's stock worth $66,842,000 after purchasing an additional 773,000 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of TechnipFMC by 68.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,694,759 shares of the oil and gas company's stock valued at $44,454,000 after purchasing an additional 688,622 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FTI shares. Royal Bank of Canada assumed coverage on TechnipFMC in a research report on Monday, November 18th. They issued an "outperform" rating and a $37.00 price target on the stock. TD Cowen reiterated a "buy" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Wednesday, November 27th. Citigroup increased 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 raised TechnipFMC from a "hold" rating to a "buy" rating and lifted their price target for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a research note 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $36.31.

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TechnipFMC Stock Performance

NYSE:FTI traded down $1.42 during trading hours on Monday, reaching $25.25. The company had a trading volume of 12,805,568 shares, compared to its average volume of 3,761,999. The firm's 50 day moving average price is $30.40 and its 200-day moving average price is $28.63. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 16.61 and a beta of 1.54. 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 plc has a 52 week low of $21.78 and a 52 week high of $33.45.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.79%. TechnipFMC's payout ratio is 10.42%.

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.