Jupiter Asset Management Ltd. Invests $591,000 in TechnipFMC plc (NYSE:FTI)

Jupiter Asset Management Ltd. purchased a new position in TechnipFMC plc (NYSE:FTIFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,051 shares of the oil and gas company’s stock, valued at approximately $591,000.

A number of other hedge funds also recently modified their holdings of the stock. Raymond James & Associates increased its stake in TechnipFMC by 18.6% in the first quarter. Raymond James & Associates now owns 266,995 shares of the oil and gas company’s stock valued at $2,069,000 after acquiring an additional 41,955 shares during the last quarter. Bank of Montreal Can grew its stake in shares of TechnipFMC by 334.1% in the first quarter. Bank of Montreal Can now owns 49,994 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 38,477 shares during the last quarter. BlackRock Inc. grew its stake in shares of TechnipFMC by 11.6% in the first quarter. BlackRock Inc. now owns 9,915,455 shares of the oil and gas company’s stock worth $76,845,000 after purchasing an additional 1,029,472 shares during the last quarter. Yousif Capital Management LLC purchased a new stake in TechnipFMC in the first quarter worth about $172,000. Finally, Sei Investments Co. lifted its holdings in TechnipFMC by 93.5% in the first quarter. Sei Investments Co. now owns 258,480 shares of the oil and gas company’s stock worth $1,989,000 after buying an additional 124,906 shares during the period. Institutional investors own 98.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FTI shares. BNP Paribas lowered shares of TechnipFMC from an “outperform” rating to a “neutral” rating and set a $23.50 target price for the company. in a report on Monday, November 6th. ATB Capital set a $30.00 price target on shares of TechnipFMC and gave the company an “outperform” rating in a research report on Friday, December 22nd. Finally, Barclays increased their target price on shares of TechnipFMC from $24.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.

Read Our Latest Stock Analysis on FTI

TechnipFMC Trading Down 0.6 %

Shares of FTI opened at $19.14 on Monday. The company’s 50-day simple moving average is $19.54 and its 200-day simple moving average is $19.88. TechnipFMC plc has a 1 year low of $12.04 and a 1 year high of $22.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.19 and a quick ratio of 0.93.

TechnipFMC Profile

(Free Report)

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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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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