Los Angeles Capital Management & Equity Research Inc. Has $7.94 Million Holdings in TechnipFMC plc Ordinary Share (FTI)

Los Angeles Capital Management & Equity Research Inc. lowered its holdings in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 284,289 shares of the oil and gas company’s stock after selling 13,462 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.06% of TechnipFMC plc Ordinary Share worth $7,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its holdings in TechnipFMC plc Ordinary Share by 10.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 33,933,562 shares of the oil and gas company’s stock worth $947,425,000 after acquiring an additional 3,347,874 shares during the period. Vanguard Group Inc. boosted its position in TechnipFMC plc Ordinary Share by 3.4% in the second quarter. Vanguard Group Inc. now owns 27,167,998 shares of the oil and gas company’s stock valued at $738,969,000 after buying an additional 896,416 shares in the last quarter. BlackRock Inc. boosted its position in TechnipFMC plc Ordinary Share by 7.8% in the second quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock valued at $591,104,000 after buying an additional 1,571,751 shares in the last quarter. State Street Corp raised its stake in shares of TechnipFMC plc Ordinary Share by 2.0% in the second quarter. State Street Corp now owns 20,888,596 shares of the oil and gas company’s stock worth $568,171,000 after acquiring an additional 417,151 shares during the last quarter. Finally, AXA raised its stake in shares of TechnipFMC plc Ordinary Share by 16.3% in the second quarter. AXA now owns 8,697,311 shares of the oil and gas company’s stock worth $236,567,000 after acquiring an additional 1,222,075 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

TechnipFMC plc Ordinary Share (NYSE:FTI) traded down $0.34 during trading hours on Monday, reaching $28.91. 3,119,392 shares of the company were exchanged, compared to its average volume of 4,100,182. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $37.09.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 74.3% compared to the same quarter last year. equities research analysts anticipate that TechnipFMC plc Ordinary Share will post 1.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were given a dividend of $0.13 per share. The ex-dividend date was Monday, November 20th. This represents a $0.52 annualized dividend and a yield of 1.80%. TechnipFMC plc Ordinary Share’s dividend payout ratio is presently -65.00%.

FTI has been the subject of a number of research analyst reports. Barclays dropped their target price on shares of TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Societe Generale initiated coverage on shares of TechnipFMC plc Ordinary Share in a research note on Thursday, November 16th. They issued a “buy” rating and a $38.00 target price for the company. Tudor Pickering raised shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. ValuEngine downgraded shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, HSBC cut shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 price target for the company. in a report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.03.

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TechnipFMC plc Ordinary Share Company Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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