3,599 Shares in TechnipFMC plc (NYSE:FTI) Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new position in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,599 shares of the oil and gas company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hardman Johnston Global Advisors LLC boosted its stake in shares of TechnipFMC by 13.5% during the third quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company’s stock worth $236,482,000 after buying an additional 1,071,103 shares during the period. State Street Corp increased its holdings in shares of TechnipFMC by 1.7% in the third quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company’s stock valued at $215,100,000 after purchasing an additional 133,775 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of TechnipFMC during the third quarter worth approximately $185,643,000. Franklin Resources Inc. lifted its holdings in shares of TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock worth $98,838,000 after purchasing an additional 679,748 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in TechnipFMC by 6.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,399,822 shares of the oil and gas company’s stock valued at $89,177,000 after buying an additional 219,081 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Down 4.7 %

Shares of TechnipFMC stock opened at $29.06 on Monday. The business has a 50 day moving average price of $30.71 and a 200 day moving average price of $28.53. The company has a market capitalization of $12.36 billion, a P/E ratio of 19.12 and a beta of 1.52. 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 plc has a 1 year low of $20.04 and a 1 year high of $33.45.

Analyst Ratings Changes

Several research firms have recently commented on FTI. Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. HSBC raised TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 29th. Citigroup upped their price objective on TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Piper Sandler assumed coverage on TechnipFMC in a report on Thursday, December 19th. They issued an “overweight” rating and a $39.00 target price for the company. Finally, Royal Bank of Canada assumed coverage on shares of TechnipFMC in a research note on Monday, November 18th. They set an “outperform” rating and a $37.00 price target on the stock. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $36.15.

About TechnipFMC

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.