15,257 Shares in TechnipFMC plc (NYSE:FTI) Acquired by Capula Management Ltd

Capula Management Ltd acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) during the fourth quarter, Holdings Channel.com reports. The fund acquired 15,257 shares of the oil and gas company’s stock, valued at approximately $442,000.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in shares of TechnipFMC by 11.7% during the 3rd quarter. Captrust Financial Advisors now owns 40,741 shares of the oil and gas company’s stock valued at $1,069,000 after acquiring an additional 4,273 shares in the last quarter. State Street Corp grew its stake in 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 in the last quarter. XTX Topco Ltd increased its position in TechnipFMC by 22.8% in the 3rd quarter. XTX Topco Ltd now owns 34,271 shares of the oil and gas company’s stock worth $899,000 after purchasing an additional 6,355 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in TechnipFMC in the 3rd quarter worth about $4,086,000. Finally, M&T Bank Corp raised its stake in shares of TechnipFMC by 18.8% during the 3rd quarter. M&T Bank Corp now owns 20,602 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 3,255 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. This represents a 57.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the transaction, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of research reports. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Barclays increased their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, March 3rd. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research note on Friday, December 13th. They issued a “buy” rating and a $38.00 price objective for the company. Piper Sandler upped their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Finally, Evercore ISI raised their target price on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus target price of $36.31.

TechnipFMC Stock Performance

NYSE:FTI opened at $24.11 on Tuesday. The firm has a 50 day moving average of $29.25 and a 200-day moving average of $29.11. TechnipFMC plc has a 1 year low of $22.99 and a 1 year high of $33.45. The stock has a market capitalization of $10.14 billion, a P/E ratio of 15.86 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

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.