LS Investment Advisors LLC grew its position in TechnipFMC PLC (NYSE:FTI) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,731 shares of the oil and gas company’s stock after purchasing an additional 1,905 shares during the period. LS Investment Advisors LLC’s holdings in TechnipFMC were worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTI. Shine Investment Advisory Services Inc. raised its holdings in shares of TechnipFMC by 64.2% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 2,070 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 809 shares during the period. Compagnie Lombard Odier SCmA raised its holdings in shares of TechnipFMC by 25.3% during the third quarter. Compagnie Lombard Odier SCmA now owns 14,881 shares of the oil and gas company’s stock worth $469,000 after acquiring an additional 3,000 shares during the period. First Mercantile Trust Co. raised its holdings in shares of TechnipFMC by 84.3% during the fourth quarter. First Mercantile Trust Co. now owns 7,008 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 3,206 shares during the period. Virtu Financial LLC raised its holdings in shares of TechnipFMC by 25.6% during the fourth quarter. Virtu Financial LLC now owns 16,375 shares of the oil and gas company’s stock worth $321,000 after acquiring an additional 3,339 shares during the period. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of TechnipFMC by 5.2% during the third quarter. Crossmark Global Holdings Inc. now owns 70,321 shares of the oil and gas company’s stock worth $2,198,000 after acquiring an additional 3,496 shares during the period. Institutional investors own 64.86% of the company’s stock.

In other news, CEO Douglas J. Pferdehirt acquired 50,000 shares of the firm’s stock in a transaction dated Monday, December 31st. The stock was bought at an average price of $19.20 per share, with a total value of $960,000.00. Following the transaction, the chief executive officer now directly owns 525,802 shares in the company, valued at approximately $10,095,398.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

FTI has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of TechnipFMC from a “market perform” rating to a “buy” rating and dropped their price objective for the stock from $29.00 to $28.00 in a report on Thursday, December 13th. HSBC upgraded shares of TechnipFMC from a “reduce” rating to a “hold” rating in a research note on Monday, November 26th. Bank of America reiterated an “underperform” rating on shares of TechnipFMC in a research note on Tuesday, November 20th. ValuEngine lowered shares of TechnipFMC from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research note on Thursday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. TechnipFMC has an average rating of “Buy” and a consensus target price of $35.15.

Shares of FTI opened at $22.35 on Monday. TechnipFMC PLC has a one year low of $18.20 and a one year high of $34.39. The stock has a market capitalization of $10.43 billion, a PE ratio of 17.33, a PEG ratio of 2.57 and a beta of 1.24. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.31.

TechnipFMC declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 12th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the oil and gas company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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TechnipFMC Company Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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