TechnipFMC plc (NYSE:FTI) Stock Position Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in TechnipFMC plc (NYSE:FTI) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,020,496 shares of the oil and gas company’s stock after selling 6,331 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TechnipFMC were worth $29,533,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC raised its position in shares of TechnipFMC by 4.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock worth $248,000 after buying an additional 338 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of TechnipFMC by 4.6% in the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock worth $236,000 after purchasing an additional 357 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of TechnipFMC by 3.3% in the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock worth $334,000 after purchasing an additional 363 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of TechnipFMC by 22.3% in the 4th quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 414 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of TechnipFMC by 3.8% in the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 423 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FTI has been the topic of a number of research reports. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a “buy” rating and a $38.00 target price on the stock. Barclays boosted their target price on shares of TechnipFMC from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Finally, Citigroup lifted their target price 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. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $36.15.

TechnipFMC Stock Performance

Shares of FTI opened at $27.71 on Wednesday. The company’s 50 day moving average price is $30.62 and its 200 day moving average price is $28.56. TechnipFMC plc has a 52 week low of $21.28 and a 52 week high of $33.45. The company has a market capitalization of $11.79 billion, a PE ratio of 18.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. TechnipFMC’s payout ratio is presently 13.16%.

About TechnipFMC

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.