Citigroup Inc. Has $31.55 Million Position in TechnipFMC plc $FTI

Citigroup Inc. trimmed its position in shares of TechnipFMC plc (NYSE:FTI) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 799,839 shares of the oil and gas company’s stock after selling 24,274 shares during the quarter. Citigroup Inc. owned approximately 0.20% of TechnipFMC worth $31,554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of TechnipFMC by 2.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company’s stock valued at $409,262,000 after acquiring an additional 232,491 shares during the last quarter. AQR Capital Management LLC raised its holdings in TechnipFMC by 13.8% during the 2nd quarter. AQR Capital Management LLC now owns 9,938,410 shares of the oil and gas company’s stock worth $342,279,000 after purchasing an additional 1,202,713 shares during the last quarter. Boston Partners lifted its position in shares of TechnipFMC by 267.5% in the 2nd quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company’s stock worth $333,041,000 after purchasing an additional 7,038,640 shares during the period. Norges Bank bought a new stake in shares of TechnipFMC in the 2nd quarter valued at $151,413,000. Finally, Pacer Advisors Inc. increased its position in shares of TechnipFMC by 91.5% during the third quarter. Pacer Advisors Inc. now owns 3,837,314 shares of the oil and gas company’s stock worth $151,382,000 after buying an additional 1,833,601 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on FTI shares. Susquehanna boosted their target price on shares of TechnipFMC from $56.00 to $71.00 and gave the company a “positive” rating in a report on Friday, February 20th. Piper Sandler boosted their price objective on TechnipFMC from $49.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Royal Bank Of Canada upped their target price on TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. UBS Group set a $70.00 target price on TechnipFMC in a report on Friday, February 20th. Finally, TD Cowen restated a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.93.

More TechnipFMC News

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Analysts raised the price target for FTI, signaling increased near-term expectations and helping buyer interest. TechnipFMC (FTI) price target increased by 17.16% to 59.36
• Positive Sentiment: Coverage pieces from Zacks highlight FTI as a growth and momentum candidate (GARP/momentum/above-average financial growth), which can attract growth- and quant-oriented flows. Is FMC Technologies (FTI) a Solid Growth Stock? 3 Reasons to Think “Yes”
• Positive Sentiment: Additional Zacks write-ups flag FTI as a strong momentum and GARP play, reinforcing demand from investors using style/score screens. Here’s Why FMC Technologies (FTI) is a Strong Momentum Stock
• Positive Sentiment: Market commentary notes FTI has surged toward a yearly peak, tracking broader NYSE Composite strength — technical momentum that can draw short-term buyers. TechnipFMC (NYSE:FTI) Surges To Yearly Peak Tracking Nyse Composite Index Strength
• Neutral Sentiment: BMO Capital left FTI rated as a “Hold,” signaling some analysts still view the stock as fairly valued and limiting upside from the more cautious institutional camp. BMO Capital Remains a Hold on TechnipFMC (FTI)
• Negative Sentiment: A company director sold 6,350 shares (~6% reduction of his reported position change), which can be read as partial profit-taking and may temper sentiment for some investors. Director Carvalho Filho Eleazar De sold 6,350 shares

Insider Buying and Selling at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 6,350 shares of TechnipFMC stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $65.40, for a total transaction of $415,290.00. Following the completion of the transaction, the director directly owned 97,860 shares in the company, valued at $6,400,044. This trade represents a 6.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

TechnipFMC Stock Up 1.1%

FTI stock opened at $66.12 on Thursday. The stock’s 50 day simple moving average is $53.61 and its 200 day simple moving average is $44.93. The company has a market cap of $26.45 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 1.25 and a beta of 0.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. TechnipFMC plc has a fifty-two week low of $22.11 and a fifty-two week high of $66.41.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts expect that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 17th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s dividend payout ratio is presently 8.66%.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.