TechnipFMC plc (NYSE:FTI) Short Interest Down 13.0% in March

TechnipFMC plc (NYSE:FTIGet Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 9,310,000 shares, a decrease of 13.0% from the February 29th total of 10,700,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily volume of 4,670,000 shares, the short-interest ratio is presently 2.0 days.

Insiders Place Their Bets

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now directly owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

Several hedge funds have recently modified their holdings of FTI. Raymond James & Associates lifted its holdings in shares of TechnipFMC by 18.6% during the first quarter. Raymond James & Associates now owns 266,995 shares of the oil and gas company’s stock worth $2,069,000 after purchasing an additional 41,955 shares during the period. Bank of Montreal Can raised its position in 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 acquiring an additional 38,477 shares in the last quarter. BlackRock Inc. raised its position in 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 acquiring an additional 1,029,472 shares in the last quarter. Yousif Capital Management LLC purchased a new position in TechnipFMC in the first quarter worth $172,000. Finally, Sei Investments Co. raised its position 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 acquiring an additional 124,906 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

Shares of FTI stock traded up $0.31 during trading hours on Tuesday, hitting $25.80. The stock had a trading volume of 487,465 shares, compared to its average volume of 4,762,896. The firm has a market capitalization of $11.28 billion, a PE ratio of 212.43 and a beta of 1.65. TechnipFMC has a twelve month low of $12.64 and a twelve month high of $25.86. The stock’s 50 day moving average is $21.70 and its 200 day moving average is $20.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92.

TechnipFMC (NYSE:FTIGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company earned ($0.05) earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. As a group, research analysts forecast that TechnipFMC will post 1.16 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 166.68%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Benchmark upped their target price on shares of TechnipFMC from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Tuesday. Barclays increased their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target on the stock. in a research note on Friday, February 23rd. Finally, ATB Capital set a $30.00 price target on shares of TechnipFMC and gave the company an “outperform” rating in a research note on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.11.

View Our Latest Analysis on FTI

TechnipFMC Company Profile

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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.

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