Olympiad Research LP Acquires New Holdings in TechnipFMC plc (NYSE:FTI)

Olympiad Research LP acquired a new stake in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,428 shares of the oil and gas company’s stock, valued at approximately $331,000.

A number of other institutional investors have also recently bought and sold shares of FTI. Blue Trust Inc. grew its holdings in TechnipFMC by 203.6% during the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 735 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in TechnipFMC during the fourth quarter valued at approximately $45,000. V Square Quantitative Management LLC boosted its holdings in shares of TechnipFMC by 48.2% in the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 563 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of TechnipFMC in the third quarter valued at approximately $56,000. Finally, True Wealth Design LLC acquired a new position in shares of TechnipFMC in the third quarter valued at approximately $57,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Performance

NYSE FTI opened at $29.06 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $30.71 and its two-hundred day moving average price is $28.51. TechnipFMC plc has a 1 year low of $20.04 and a 1 year high of $33.45. The firm has a market capitalization of $12.36 billion, a P/E ratio of 19.12 and a beta of 1.52.

Wall Street Analyst Weigh In

FTI has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and upped their price target for the company from $29.00 to $40.00 in a report on Friday, December 6th. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. HSBC upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, October 29th. Evercore ISI increased their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Finally, Piper Sandler began coverage on shares of TechnipFMC in a report on Thursday, December 19th. They set an “overweight” rating and a $39.00 target price for the company. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.