Barclays PLC Sells 430,728 Shares of TechnipFMC plc (NYSE:FTI)

Barclays PLC cut its stake in TechnipFMC plc (NYSE:FTI) by 45.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,989 shares of the oil and gas company’s stock after selling 430,728 shares during the quarter. Barclays PLC owned about 0.12% of TechnipFMC worth $13,325,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FTI. Blue Trust Inc. grew its stake in TechnipFMC by 203.6% in the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 735 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of TechnipFMC in the 3rd quarter valued at about $30,000. GAMMA Investing LLC grew its position in shares of TechnipFMC by 59.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,858 shares of the oil and gas company’s stock worth $49,000 after buying an additional 693 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of TechnipFMC during the 2nd quarter worth approximately $51,000. Finally, Toth Financial Advisory Corp lifted its position in TechnipFMC by 1,900.0% during the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 1,900 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FTI has been the topic of a number of recent analyst reports. Barclays upped their price target on TechnipFMC from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 28th. Hsbc Global Res raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Citigroup increased their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. BMO Capital Markets boosted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $37.00 price objective on shares of TechnipFMC in a research report on Wednesday, November 27th. One equities 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. According to data from MarketBeat.com, TechnipFMC presently has a consensus rating of “Buy” and an average price target of $34.69.

TechnipFMC Trading Up 0.4 %

Shares of TechnipFMC stock opened at $31.00 on Monday. The stock has a market cap of $13.19 billion, a PE ratio of 20.39 and a beta of 1.54. The firm has a fifty day moving average price of $28.45 and a 200 day moving average price of $26.97. TechnipFMC plc has a 1 year low of $18.33 and a 1 year high of $32.64. 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 (NYSE:FTI) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.25. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities research analysts predict that TechnipFMC plc will post 1.61 earnings per share for the current year.

TechnipFMC declared that its board has initiated a stock repurchase plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.20 annualized dividend and a yield of 0.65%. TechnipFMC’s dividend payout ratio is presently 13.16%.

TechnipFMC Company 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.