TechnipFMC plc (NYSE:FTI) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in shares of TechnipFMC plc (NYSE:FTI) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,655 shares of the oil and gas company’s stock after selling 5,578 shares during the period. Oppenheimer Asset Management Inc. owned 0.06% of TechnipFMC worth $7,051,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 735 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in TechnipFMC during the 4th quarter valued at approximately $45,000. V Square Quantitative Management LLC raised its stake in TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 563 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in TechnipFMC during the 3rd quarter valued at approximately $56,000. Finally, True Wealth Design LLC purchased a new stake in TechnipFMC during the 3rd quarter valued at approximately $57,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Trading Up 2.1 %

Shares of TechnipFMC stock opened at $29.42 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 stock has a market cap of $12.52 billion, a PE ratio of 19.36 and a beta of 1.52. TechnipFMC plc has a 12-month low of $21.36 and a 12-month high of $33.45. The company has a 50-day moving average of $30.61 and a two-hundred day moving average of $28.58.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is 13.16%.

Analysts Set New Price Targets

Several research firms have commented on FTI. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and upped their price objective for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Royal Bank of Canada started coverage on shares of TechnipFMC in a research note on Monday, November 18th. They issued an “outperform” rating and a $37.00 price objective on the stock. Evercore ISI boosted their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Barclays lifted their price objective on TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. One equities research 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. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $36.23.

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.