swisspartners Ltd. Takes $1.16 Million Position in TechnipFMC plc (NYSE:FTI)

swisspartners Ltd. bought a new position in TechnipFMC plc (NYSE:FTI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 151,663 shares of the oil and gas company’s stock, valued at approximately $1,161,000. TechnipFMC comprises 0.9% of swisspartners Ltd.’s portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors lifted its stake in shares of TechnipFMC by 521.5% during the 4th quarter. Captrust Financial Advisors now owns 3,505 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 2,941 shares during the last quarter. Federated Hermes Inc. increased its holdings in TechnipFMC by 65.8% in the 4th quarter. Federated Hermes Inc. now owns 6,579 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 2,612 shares in the last quarter. Vantage Consulting Group Inc purchased a new stake in TechnipFMC during the 4th quarter worth approximately $75,000. Poehling Capital Management LLC purchased a new stake in shares of TechnipFMC during the first quarter worth $77,000. Finally, Mraz Amerine & Associates Inc. acquired a new stake in shares of TechnipFMC in the first quarter valued at approximately $80,000. Institutional investors own 74.93% of the company’s stock.

A number of equities analysts recently weighed in on FTI shares. Berenberg Bank reaffirmed a “hold” rating on shares of TechnipFMC in a research report on Monday, March 8th. Barclays reaffirmed an “equal weight” rating and issued a $7.00 price target (down from $10.00) on shares of TechnipFMC in a report on Monday, March 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating on shares of TechnipFMC in a research note on Wednesday, March 24th. AlphaValue downgraded TechnipFMC from a “buy” rating to a “reduce” rating in a research note on Monday, March 29th. Finally, BTIG Research started coverage on TechnipFMC in a research note on Thursday, April 1st. They issued a “buy” rating and a $12.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.17.

Shares of NYSE:FTI traded up $0.19 during midday trading on Friday, hitting $10.29. The company’s stock had a trading volume of 45,491 shares, compared to its average volume of 9,767,549. The company has a quick ratio of 1.32, a current ratio of 1.62 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $8.18. The firm has a market capitalization of $4.64 billion, a PE ratio of 13.65 and a beta of 2.25. TechnipFMC plc has a fifty-two week low of $5.11 and a fifty-two week high of $13.04.

TechnipFMC (NYSE:FTI) last posted its earnings results on Tuesday, April 27th. The oil and gas company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.07. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.49 billion. TechnipFMC had a return on equity of 3.02% and a net margin of 2.91%. Analysts forecast that TechnipFMC plc will post -0.09 EPS for the current fiscal year.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through two segments, Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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