AMG National Trust Bank increased its position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 25.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,680 shares of the oil and gas company’s stock after buying an additional 23,350 shares during the period. AMG National Trust Bank’s holdings in TechnipFMC plc Ordinary Share were worth $3,559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Eagle Investment Management LLC raised its stake in TechnipFMC plc Ordinary Share by 10.9% during the third quarter. First Eagle Investment Management LLC now owns 33,933,562 shares of the oil and gas company’s stock worth $947,425,000 after buying an additional 3,347,874 shares during the last quarter. APG Asset Management N.V. raised its stake in TechnipFMC plc Ordinary Share by 16.5% during the fourth quarter. APG Asset Management N.V. now owns 8,455,789 shares of the oil and gas company’s stock worth $220,479,000 after buying an additional 1,198,300 shares during the last quarter. Platinum Investment Management Ltd. grew its holdings in TechnipFMC plc Ordinary Share by 12.6% in the third quarter. Platinum Investment Management Ltd. now owns 7,899,200 shares of the oil and gas company’s stock worth $220,545,000 after purchasing an additional 883,100 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in TechnipFMC plc Ordinary Share by 6.6% in the third quarter. Thompson Siegel & Walmsley LLC now owns 3,877,239 shares of the oil and gas company’s stock worth $108,253,000 after purchasing an additional 238,419 shares during the period. Finally, Legal & General Group Plc grew its holdings in TechnipFMC plc Ordinary Share by 2.5% in the third quarter. Legal & General Group Plc now owns 2,984,096 shares of the oil and gas company’s stock worth $69,782,000 after purchasing an additional 72,858 shares during the period. 65.96% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on FTI shares. ValuEngine cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $34.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Thursday, December 21st. Cowen set a $35.00 price target on shares of TechnipFMC plc Ordinary Share and gave the stock an “outperform” rating in a report on Wednesday, December 13th. HSBC restated a “reduce” rating and issued a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Finally, Societe Generale cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.97.

TechnipFMC plc Ordinary Share (FTI) opened at $30.16 on Thursday. TechnipFMC plc Ordinary Share has a twelve month low of $24.53 and a twelve month high of $35.00. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23.

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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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