TechnipFMC plc (NYSE:FTI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in TechnipFMC plc (NYSE:FTIFree Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,444,294 shares of the oil and gas company’s stock after selling 574,330 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.32% of TechnipFMC worth $290,911,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in TechnipFMC by 320.3% during the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after buying an additional 30,323,011 shares in the last quarter. Invesco Ltd. grew its stake in TechnipFMC by 75.7% during the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after purchasing an additional 5,587,050 shares in the last quarter. American Century Companies Inc. grew its stake in TechnipFMC by 161.9% during the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock worth $108,048,000 after purchasing an additional 3,283,972 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in TechnipFMC during the 4th quarter worth $37,976,000. Finally, Lord Abbett & CO. LLC boosted its position in shares of TechnipFMC by 68.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock worth $81,380,000 after acquiring an additional 1,629,170 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Trading Down 0.4 %

TechnipFMC stock traded down $0.11 during midday trading on Monday, reaching $26.49. The stock had a trading volume of 654,665 shares, compared to its average volume of 4,518,091. TechnipFMC plc has a twelve month low of $13.11 and a twelve month high of $27.30. The stock has a market capitalization of $11.42 billion, a PE ratio of 56.60 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.16. The stock’s 50-day simple moving average is $25.20 and its 200 day simple moving average is $21.97.

TechnipFMC (NYSE:FTIGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts expect that TechnipFMC plc will post 1.18 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Monday, May 20th. TechnipFMC’s payout ratio is 42.55%.

Wall Street Analyst Weigh In

FTI has been the subject of several analyst reports. Bank of America upped their price objective on TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Piper Sandler raised their price target on TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, May 6th. StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a research note on Sunday, April 28th. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective for the company. in a research note on Friday, February 23rd. Finally, Barclays raised their price target on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.21.

Get Our Latest Research Report on TechnipFMC

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction dated Friday, February 23rd. The stock was 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 of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

TechnipFMC Company Profile

(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.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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