Keybank National Association OH Lowers Position in TechnipFMC plc Ordinary Share (FTI)

Keybank National Association OH reduced its position in TechnipFMC plc Ordinary Share (NYSE:FTI) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 21,534 shares of the oil and gas company’s stock after selling 3,867 shares during the quarter. Keybank National Association OH’s holdings in TechnipFMC plc Ordinary Share were worth $674,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FTI. Raymond James Financial Services Advisors Inc. raised its stake in TechnipFMC plc Ordinary Share by 220.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 24,629 shares of the oil and gas company’s stock valued at $670,000 after acquiring an additional 16,947 shares during the period. California State Teachers Retirement System bought a new stake in TechnipFMC plc Ordinary Share in the 2nd quarter valued at about $1,553,000. Dynamic Technology Lab Private Ltd bought a new stake in TechnipFMC plc Ordinary Share in the 2nd quarter valued at about $313,000. Oakbrook Investments LLC raised its stake in TechnipFMC plc Ordinary Share by 17.5% in the 3rd quarter. Oakbrook Investments LLC now owns 16,800 shares of the oil and gas company’s stock valued at $469,000 after acquiring an additional 2,500 shares during the period. Finally, Duff & Phelps Investment Management Co. increased its position in shares of TechnipFMC plc Ordinary Share by 27.0% during the third quarter. Duff & Phelps Investment Management Co. now owns 228,184 shares of the oil and gas company’s stock valued at $6,366,000 after buying an additional 48,495 shares during the period. Institutional investors and hedge funds own 64.92% of the company’s stock.

TechnipFMC plc Ordinary Share (NYSE FTI) opened at $30.70 on Friday. TechnipFMC plc Ordinary Share has a twelve month low of $24.53 and a twelve month high of $35.00. The company has a current ratio of 1.31, a quick ratio of 1.14 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $14,324.38, a PE ratio of 17.54, a PEG ratio of 1.28 and a beta of 0.84.

TechnipFMC plc Ordinary Share (NYSE:FTI) last issued its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24). TechnipFMC plc Ordinary Share had a return on equity of 6.05% and a net margin of 2.14%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. research analysts forecast that TechnipFMC plc Ordinary Share will post 1.27 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Tuesday, March 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, March 19th. TechnipFMC plc Ordinary Share’s payout ratio is 75.36%.

Several equities research analysts have recently weighed in on FTI shares. Goldman Sachs Group cut TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday, November 13th. HSBC reiterated a “reduce” rating and set a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a research report on Wednesday, November 15th. Societe Generale started coverage on TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They set a “buy” rating and a $38.00 price target on the stock. Tudor Pickering upgraded TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Finally, Scotiabank set a $33.00 price target on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Wednesday, November 29th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average 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.

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

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