KBC Group NV increased its position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 55.3% in the 4th quarter, HoldingsChannel reports. The firm owned 738,993 shares of the oil and gas company’s stock after purchasing an additional 263,080 shares during the period. KBC Group NV’s holdings in TechnipFMC plc Ordinary Share were worth $23,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC raised its holdings in TechnipFMC plc Ordinary Share by 102.0% during the second quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock worth $521,000 after purchasing an additional 9,677 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in TechnipFMC plc Ordinary Share by 3.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 118,038 shares of the oil and gas company’s stock worth $3,296,000 after purchasing an additional 3,988 shares in the last quarter. Ninepoint Partners LP purchased a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $307,000. Jane Street Group LLC purchased a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $509,000. Finally, FDO Partners LLC purchased a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $835,000. 65.96% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC plc Ordinary Share (FTI) opened at $29.14 on Monday. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $35.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14.

Several research analysts recently issued reports on FTI shares. Gabelli raised shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, October 20th. Barclays set a $28.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a report on Thursday, October 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $37.00 target price on shares of TechnipFMC plc Ordinary Share in a report on Friday, October 27th. Goldman Sachs Group cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 target price for the company. in a report on Monday, November 13th. Finally, HSBC reaffirmed a “reduce” rating and issued a $26.00 target price on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $32.97.

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TechnipFMC plc Ordinary Share Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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