Dimensional Fund Advisors LP Purchases 137,507 Shares of TechnipFMC plc $FTI

Dimensional Fund Advisors LP raised its position in shares of TechnipFMC plc (NYSE:FTI) by 3.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,763,630 shares of the oil and gas company’s stock after acquiring an additional 137,507 shares during the period. Dimensional Fund Advisors LP owned approximately 1.18% of TechnipFMC worth $187,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC lifted its position in TechnipFMC by 38.0% during the third quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after purchasing an additional 50,593 shares during the last quarter. Lingohr Asset Management GmbH grew its stake in shares of TechnipFMC by 461.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock worth $8,375,000 after buying an additional 174,500 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of TechnipFMC by 80.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock worth $125,144,000 after buying an additional 1,415,621 shares during the last quarter. Rothschild Investment LLC raised its position in shares of TechnipFMC by 25,468.9% during the 3rd quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock valued at $454,000 after buying an additional 11,461 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of TechnipFMC by 8.4% during the 3rd quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock valued at $12,053,000 after buying an additional 23,600 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $62.93 on Monday. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.16 and a beta of 0.70. TechnipFMC plc has a 12 month low of $22.11 and a 12 month high of $68.29. The firm’s 50-day moving average is $56.56 and its 200 day moving average is $46.51. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts predict that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

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

Insider Activity

In related news, Director Carvalho Filho Eleazar De sold 6,350 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $65.40, for a total transaction of $415,290.00. Following the completion of the sale, the director directly owned 97,860 shares of the company’s stock, valued at approximately $6,400,044. This trade represents a 6.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on FTI. Royal Bank Of Canada increased their price target on shares of TechnipFMC from $47.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 20th. TD Cowen restated a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and raised their price objective for the company from $49.00 to $62.00 in a research note on Friday, February 20th. Citigroup lifted their target price on TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Piper Sandler boosted their target price on TechnipFMC from $49.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of “Moderate Buy” and a consensus price target of $58.47.

About TechnipFMC

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.