2 weeks Ago By ABMN Staff
Xponance Inc. grew its position in TechnipFMC plc ( NYSE:FTI – Free Report ) by 24.4% in the fourth quarter, HoldingsChannel.
com reports. The fund owned 20,221 shares of the oil and gas company’s stock after buying an additional 3,960 shares during the period. Xponance Inc.
’s holdings in TechnipFMC were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its stake in TechnipFMC by 55.
2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of TechnipFMC during the 4th quarter worth approximately $45,000.
Bank Julius Baer & Co. Ltd Zurich bought a new stake in TechnipFMC in the 4th quarter valued at $46,000. EverSource Wealth Advisors LLC lifted its holdings in TechnipFMC by 393.
5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its position in TechnipFMC by 48.
2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 563 shares during the period. 96.
58% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several brokerages have recently weighed in on FTI. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and increased their price objective for the company from $29.
00 to $40.00 in a research report on Friday, December 6th. TD Cowen reiterated a “buy” rating and issued a $37.
00 price target on shares of TechnipFMC in a research note on Wednesday, November 27th. The Goldman Sachs Group began coverage on shares of TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.
00 price objective for the company. Piper Sandler upped their target price on TechnipFMC from $39.00 to $40.
00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, Barclays increased their target price on TechnipFMC from $42.00 to $43.
00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. One equities 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $36.
31. TechnipFMC Trading Up 1.8 % FTI opened at $30.
38 on Wednesday. The stock has a market capitalization of $12.78 billion, a price-to-earnings ratio of 19.
99 and a beta of 1.54. The company has a quick ratio of 0.
89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.
TechnipFMC plc has a twelve month low of $22.99 and a twelve month high of $33.45.
The company has a 50-day simple moving average of $29.65 and a 200 day simple moving average of $28.78.
TechnipFMC Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.05 per share.
This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.66%.
The ex-dividend date is Tuesday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.
Insider Buying and Selling In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the firm’s stock in a transaction on 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 approximately $3,722,495.85.
This trade represents a 23.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.
56. Following the transaction, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76.
This trade represents a 8.50 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 61,706 shares of company stock worth $1,651,665. Corporate insiders own 1.06% of the company’s stock.
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.
See Also Want to see what other hedge funds are holding FTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TechnipFMC plc ( NYSE:FTI – Free Report ). Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.
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