Wells Fargo & Company MN decreased its position in TechnipFMC plc (NYSE:FTI - Free Report) by 31.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,680 shares of the oil and gas company's stock after selling 95,833 shares during the quarter. Wells Fargo & Company MN's holdings in TechnipFMC were worth $5,981,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of TechnipFMC by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock worth $1,180,576,000 after buying an additional 1,623,864 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in TechnipFMC by 15.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company's stock worth $282,150,000 after purchasing an additional 1,319,015 shares during the period. American Century Companies Inc. boosted its holdings in TechnipFMC by 1.2% in 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 purchasing an additional 46,224 shares during the period. Charles Schwab Investment Management Inc. boosted 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. Finally, Franklin Resources Inc. boosted its holdings in TechnipFMC by 23.0% in the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after purchasing an additional 679,748 shares during the period. Institutional investors and hedge funds own 96.58% of the company's stock.
TechnipFMC Stock Up 8.2 %
NYSE:FTI traded up $2.05 during trading hours on Thursday, reaching $27.08. The company had a trading volume of 2,794,400 shares, compared to its average volume of 3,969,360. The business's 50-day simple moving average is $27.63 and its two-hundred day simple moving average is $28.88. TechnipFMC plc has a twelve month low of $22.12 and a twelve month 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 firm has a market cap of $11.39 billion, a price-to-earnings ratio of 17.79 and a beta of 1.11.
TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. On average, equities analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current year.
TechnipFMC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is 10.42%.
Insider Transactions at TechnipFMC
In related news, EVP Justin Rounce sold 42,178 shares of TechnipFMC 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 completion of the transaction, the executive vice president now owns 140,207 shares in the company, valued at approximately $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the sale, the director now owns 100,951 shares of the company's stock, valued at $3,004,301.76. The trade was a 8.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have issued reports on FTI. Piper Sandler raised their target price on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Barclays raised their price objective 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. Evercore ISI increased 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. Finally, Susquehanna dropped their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Two equities research 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's stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.15.
View Our Latest Analysis on TechnipFMC
About TechnipFMC
(
Free Report)
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.
Featured Articles
Before you consider TechnipFMC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TechnipFMC wasn't on the list.
While TechnipFMC currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
