Mutual Advisors LLC Purchases 1,325 Shares of TechnipFMC plc (NYSE:FTI)

Mutual Advisors LLC grew its position in shares of TechnipFMC plc (NYSE:FTIFree Report) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,795 shares of the oil and gas company’s stock after buying an additional 1,325 shares during the period. Mutual Advisors LLC’s holdings in TechnipFMC were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTI. Blue Trust Inc. increased its position in TechnipFMC by 203.6% during the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 735 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of TechnipFMC during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC raised its position in shares of TechnipFMC by 59.5% in the third quarter. GAMMA Investing LLC now owns 1,858 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 693 shares in the last quarter. Toth Financial Advisory Corp boosted its stake in shares of TechnipFMC by 1,900.0% in the third quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 1,900 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in TechnipFMC during the third quarter worth approximately $56,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FTI. Susquehanna lifted their price objective on TechnipFMC from $35.00 to $37.00 and gave the company a “positive” rating in a report on Friday, October 25th. Citigroup upped their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Evercore ISI raised their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their target price for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Finally, TD Cowen reissued a “buy” rating and issued a $37.00 price objective on shares of TechnipFMC in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TechnipFMC currently has a consensus rating of “Buy” and an average price target of $36.15.

View Our Latest Research Report on TechnipFMC

TechnipFMC Trading Up 0.8 %

Shares of FTI stock opened at $30.72 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $13.07 billion, a P/E ratio of 20.21 and a beta of 1.54. TechnipFMC plc has a twelve month low of $18.53 and a twelve month high of $33.45. The stock’s fifty day simple moving average is $30.78 and its 200 day simple moving average is $28.18.

TechnipFMC declared that its board has initiated a stock buyback plan on Wednesday, October 23rd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the oil and gas company to buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

TechnipFMC 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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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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