Sigma Planning Corp lessened its stake in TechnipFMC plc (NYSE:FTI – Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,121 shares of the oil and gas company’s stock after selling 1,537 shares during the period. Sigma Planning Corp’s holdings in TechnipFMC were worth $206,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. lifted its position in shares of TechnipFMC by 382.9% during the 2nd quarter. Bessemer Group Inc. now owns 1,975 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,566 shares in the last quarter. Covestor Ltd acquired a new position in TechnipFMC in the 2nd quarter valued at $42,000. Captrust Financial Advisors raised its stake in TechnipFMC by 65.1% in the 2nd quarter. Captrust Financial Advisors now owns 7,461 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 2,943 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in TechnipFMC by 199.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 4,404 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new position in TechnipFMC in the 1st quarter valued at $58,000. Hedge funds and other institutional investors own 98.79% of the company’s stock.
TechnipFMC Stock Performance
Shares of TechnipFMC stock opened at $18.96 on Wednesday. The business has a 50-day moving average of $19.63 and a 200 day moving average of $19.86. TechnipFMC plc has a 12 month low of $12.04 and a 12 month high of $22.78. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of -236.94 and a beta of 1.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.19 and a quick ratio of 0.93.
Wall Street Analysts Forecast Growth
TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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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