Virtu Financial LLC Purchases Shares of 7,139 TechnipFMC plc (NYSE:FTI)

Virtu Financial LLC acquired a new position in shares of TechnipFMC plc (NYSE:FTI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,139 shares of the oil and gas company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. raised its stake in shares of TechnipFMC by 23.0% in 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 purchasing an additional 679,748 shares during the period. Avantax Advisory Services Inc. raised its position in TechnipFMC by 24.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company’s stock valued at $634,000 after buying an additional 4,314 shares during the last quarter. Park Avenue Securities LLC bought a new stake in TechnipFMC in the 4th quarter valued at approximately $519,000. Raymond James Financial Inc. acquired a new position in TechnipFMC during the 4th quarter worth approximately $9,152,000. Finally, Charles Schwab Investment Management Inc. grew its stake 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 worth $105,618,000 after acquiring an additional 249,719 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TechnipFMC

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

Analyst Ratings Changes

FTI has been the topic of a number of research reports. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays lifted their target price on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. The Goldman Sachs Group initiated coverage on TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.00 price target for the company. Finally, Piper Sandler boosted their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.31.

TechnipFMC Trading Down 0.2 %

FTI stock opened at $31.18 on Friday. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 20.51 and a beta of 1.54. The company has a fifty day moving average price of $29.56 and a two-hundred day moving average price of $28.90. TechnipFMC plc has a one year low of $22.99 and a one year high of $33.45. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. TechnipFMC’s dividend payout ratio (DPR) is currently 10.42%.

TechnipFMC Profile

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.