Duality Advisers LP Sells 2,182 Shares of TechnipFMC plc (NYSE:FTI)

Duality Advisers LP trimmed its holdings in shares of TechnipFMC plc (NYSE:FTI) by 4.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,021 shares of the oil and gas company’s stock after selling 2,182 shares during the quarter. Duality Advisers LP’s holdings in TechnipFMC were worth $846,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new position in TechnipFMC during the fourth quarter worth about $37,976,000. Cerity Partners LLC bought a new position in TechnipFMC during the fourth quarter worth about $6,836,000. SG Americas Securities LLC increased its position in TechnipFMC by 71.1% during the fourth quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company’s stock worth $3,072,000 after acquiring an additional 63,378 shares during the period. Syntal Capital Partners LLC bought a new position in TechnipFMC during the third quarter worth about $665,000. Finally, Vanguard Group Inc. increased 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 acquiring an additional 30,323,011 shares during the period. 96.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FTI has been the topic of a number of analyst reports. Susquehanna reiterated a “positive” rating and set a $27.00 price objective on shares of TechnipFMC in a research note on Monday, April 8th. TD Cowen increased their price objective on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Bank of America increased their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research note on Monday, April 15th. HSBC downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a research note on Friday, February 23rd. Finally, Barclays increased their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.34.

TechnipFMC Stock Down 0.5 %

Shares of NYSE FTI opened at $25.71 on Thursday. The company has a 50 day simple moving average of $23.93 and a 200 day simple moving average of $21.46. The firm has a market cap of $11.24 billion, a PE ratio of 214.27 and a beta of 1.65. TechnipFMC plc has a 1 year low of $12.64 and a 1 year high of $27.26. 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:FTI) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) EPS. On average, research analysts forecast that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.78%. TechnipFMC’s payout ratio is 166.68%.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’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 completion of the transaction, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

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.