Olympiad Research LP Takes $331,000 Position in TechnipFMC plc (NYSE:FTI)

Olympiad Research LP acquired a new stake in TechnipFMC plc (NYSE:FTI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 11,428 shares of the oil and gas company’s stock, valued at approximately $331,000.

Several other large investors also recently modified their holdings of the stock. Sigma Planning Corp raised its position in shares of TechnipFMC by 3.3% in the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 363 shares during the period. Navellier & Associates Inc. raised its position in shares of TechnipFMC by 8.1% in the fourth quarter. Navellier & Associates Inc. now owns 91,353 shares of the oil and gas company’s stock valued at $2,644,000 after purchasing an additional 6,853 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in shares of TechnipFMC by 45.1% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 92,399 shares of the oil and gas company’s stock valued at $2,674,000 after purchasing an additional 28,720 shares during the period. ING Groep NV raised its position in shares of TechnipFMC by 23.9% in the fourth quarter. ING Groep NV now owns 1,071,994 shares of the oil and gas company’s stock valued at $31,024,000 after purchasing an additional 206,700 shares during the period. Finally, Ieq Capital LLC raised its position in shares of TechnipFMC by 971.8% in the fourth quarter. Ieq Capital LLC now owns 292,871 shares of the oil and gas company’s stock valued at $8,476,000 after purchasing an additional 265,546 shares during the period. 96.58% of the stock is owned by institutional investors.

TechnipFMC Trading Down 4.7 %

Shares of TechnipFMC stock opened at $29.06 on Friday. The company has a market capitalization of $12.36 billion, a price-to-earnings ratio of 19.12 and a beta of 1.52. 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 plc has a 12-month low of $20.04 and a 12-month high of $33.45. The firm’s 50-day moving average price is $30.71 and its two-hundred day moving average price is $28.51.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FTI shares. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their price target for the stock from $29.00 to $40.00 in a research report on Friday, December 6th. Evercore ISI raised their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, October 29th. Hsbc Global Res raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, TechnipFMC currently has a consensus rating of “Buy” and an average price target of $36.15.

TechnipFMC Company 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.