TechnipFMC plc (NYSE:FTI) Shares Sold by Carmel Capital Partners LLC

Carmel Capital Partners LLC decreased its position in shares of TechnipFMC plc (NYSE:FTI) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,500 shares of the oil and gas company’s stock after selling 2,500 shares during the quarter. Carmel Capital Partners LLC’s holdings in TechnipFMC were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hardman Johnston Global Advisors LLC boosted its position in shares of TechnipFMC by 13.5% during the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company’s stock valued at $236,482,000 after acquiring an additional 1,071,103 shares during the last quarter. State Street Corp boosted its position in shares of TechnipFMC by 1.7% during the 3rd quarter. State Street Corp now owns 8,200,548 shares of the oil and gas company’s stock valued at $215,100,000 after acquiring an additional 133,775 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of TechnipFMC during the 3rd quarter valued at about $185,643,000. Charles Schwab Investment Management Inc. boosted its position in shares of TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company’s stock valued at $105,618,000 after acquiring an additional 249,719 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of TechnipFMC by 23.0% during the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock valued at $98,838,000 after acquiring an additional 679,748 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Down 1.5 %

Shares of NYSE:FTI opened at $26.59 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a market capitalization of $11.18 billion, a PE ratio of 17.49 and a beta of 1.54. The firm’s 50-day moving average is $30.50 and its two-hundred day moving average is $28.61. TechnipFMC plc has a 1 year low of $21.36 and a 1 year high of $33.45.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FTI shares. Piper Sandler boosted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Barclays boosted their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday. Citigroup boosted their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, November 14th. TD Cowen restated a “buy” rating and issued a $37.00 price objective on shares of TechnipFMC in a report on Wednesday, November 27th. Finally, Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their price objective for the company from $29.00 to $40.00 in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $36.31.

About TechnipFMC

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.