Wetherby Asset Management Inc. raised its stake in TechnipFMC PLC (NYSE:FTI) by 27.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,662 shares of the oil and gas company’s stock after purchasing an additional 3,344 shares during the quarter. Wetherby Asset Management Inc.’s holdings in TechnipFMC were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of FTI. Crossmark Global Holdings Inc. raised its stake in shares of TechnipFMC by 10.3% in the second quarter. Crossmark Global Holdings Inc. now owns 91,346 shares of the oil and gas company’s stock worth $2,370,000 after purchasing an additional 8,530 shares during the last quarter. Viking Fund Management LLC raised its stake in shares of TechnipFMC by 3.3% in the second quarter. Viking Fund Management LLC now owns 310,000 shares of the oil and gas company’s stock worth $8,041,000 after purchasing an additional 10,000 shares during the last quarter. CWM Advisors LLC raised its stake in shares of TechnipFMC by 2.9% in the second quarter. CWM Advisors LLC now owns 30,680 shares of the oil and gas company’s stock worth $796,000 after purchasing an additional 879 shares during the last quarter. NEXT Financial Group Inc raised its stake in shares of TechnipFMC by 13.0% in the second quarter. NEXT Financial Group Inc now owns 3,624 shares of the oil and gas company’s stock worth $94,000 after purchasing an additional 416 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of TechnipFMC by 19.1% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 276,878 shares of the oil and gas company’s stock worth $7,182,000 after purchasing an additional 44,500 shares during the last quarter. 76.49% of the stock is owned by hedge funds and other institutional investors.

NYSE:FTI opened at $20.51 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.18 and a quick ratio of 1.03. The business has a fifty day simple moving average of $22.65 and a two-hundred day simple moving average of $23.87. TechnipFMC PLC has a 1 year low of $18.20 and a 1 year high of $28.57. The company has a market capitalization of $9.45 billion, a P/E ratio of 25.01, a P/E/G ratio of 0.68 and a beta of 1.43.

TechnipFMC (NYSE:FTI) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.38). TechnipFMC had a positive return on equity of 2.11% and a negative net margin of 16.30%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, analysts anticipate that TechnipFMC PLC will post 1.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Monday, November 18th.

FTI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on TechnipFMC from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada set a $30.00 price target on TechnipFMC and gave the company a “buy” rating in a research report on Friday, October 25th. Berenberg Bank reaffirmed a “buy” rating and set a $26.00 price target on shares of TechnipFMC in a research report on Tuesday, August 27th. BMO Capital Markets set a $32.00 price target on TechnipFMC and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Citigroup increased their price target on TechnipFMC from $27.40 to $29.50 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. TechnipFMC currently has an average rating of “Buy” and a consensus price target of $29.25.

TechnipFMC 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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