XTX Topco Ltd Buys 9,543 Shares of TechnipFMC plc (NYSE:FTI)

by · The Cerbat Gem

XTX Topco Ltd lifted its holdings in TechnipFMC plc (NYSE:FTI – Free Report) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,814 shares of the oil and gas company’s stock after purchasing an additional 9,543 shares during the quarter. XTX Topco Ltd’s holdings in TechnipFMC were worth $1,268,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of TechnipFMC during the 4th quarter valued at approximately $46,000. Smartleaf Asset Management LLC lifted its holdings in TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of TechnipFMC in the fourth quarter valued at approximately $45,000. EverSource Wealth Advisors LLC lifted its holdings in shares of TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,338 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 563 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FTI. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Evercore ISI lifted their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Piper Sandler increased their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Barclays boosted their target price on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. Finally, Susquehanna cut their target price on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.15.

View Our Latest Stock Analysis on FTI

TechnipFMC Price Performance

Shares of NYSE FTI opened at $25.34 on Tuesday. The stock has a market capitalization of $10.66 billion, a price-to-earnings ratio of 16.67 and a beta of 1.11. The firm has a 50-day simple moving average of $28.43 and a 200-day simple moving average of $29.00. TechnipFMC plc has a 52 week low of $22.12 and a 52 week high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. TechnipFMC’s dividend payout ratio is presently 10.42%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares of the company’s stock, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock worth $1,651,665 in the last ninety days. 1.80% of the stock is owned by insiders.

TechnipFMC Company Profile

(Free Report)

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.

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