TechnipFMC plc (NYSE:FTI) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC raised its holdings in TechnipFMC plc (NYSE:FTI) by 175.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,667 shares of the oil and gas company’s stock after buying an additional 2,334 shares during the period. Global Retirement Partners LLC’s holdings in TechnipFMC were worth $106,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FTI. Baker Tilly Wealth Management LLC increased its holdings in shares of TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock valued at $248,000 after acquiring an additional 338 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 357 shares in the last quarter. GAMMA Investing LLC increased its stake in TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock valued at $66,000 after purchasing an additional 414 shares during the last quarter. Ballentine Partners LLC increased its stake in TechnipFMC by 3.8% in the fourth quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 423 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings 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 in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Price Performance

TechnipFMC stock opened at $28.72 on Friday. The stock has a market capitalization of $12.22 billion, a PE ratio of 18.89 and a beta of 1.52. The business has a 50 day simple moving average of $30.60 and a 200-day simple moving average of $28.56. TechnipFMC plc has a 12 month low of $21.36 and a 12 month high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 0.70%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio is presently 13.16%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and upped their target price for the company from $29.00 to $40.00 in a report on Friday, December 6th. Piper Sandler initiated coverage on shares of TechnipFMC in a research note on Thursday, December 19th. They issued an “overweight” rating and a $39.00 price objective for the company. Barclays lifted their target price on TechnipFMC from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Evercore ISI upped their target price on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada began coverage on TechnipFMC in a research note on Monday, November 18th. They set an “outperform” rating and a $37.00 price target on the stock. One 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 company presently has a consensus rating of “Buy” and an average price target of $36.15.

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.