Teza Capital Management LLC Sells 138,202 Shares of TechnipFMC plc (NYSE:FTI)

Teza Capital Management LLC trimmed its position in shares of TechnipFMC plc (NYSE:FTI) by 78.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,055 shares of the oil and gas company’s stock after selling 138,202 shares during the quarter. Teza Capital Management LLC’s holdings in TechnipFMC were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. grew its holdings in TechnipFMC by 24.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company’s stock valued at $634,000 after purchasing an additional 4,314 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of TechnipFMC during the fourth quarter worth $519,000. Raymond James Financial Inc. purchased a new stake in shares of TechnipFMC during the fourth quarter worth $9,152,000. Charles Schwab Investment Management Inc. lifted its position in shares of TechnipFMC by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company’s stock worth $105,618,000 after acquiring an additional 249,719 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of TechnipFMC by 1,024.4% during the fourth quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company’s stock worth $415,000 after acquiring an additional 13,071 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

Insider Buying and Selling at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at approximately $3,722,495.85. This trade represents a 23.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now directly owns 100,951 shares in the company, valued at $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock worth $1,651,665 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Piper Sandler increased their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. StockNews.com downgraded TechnipFMC from a “hold” rating to a “sell” rating in a research report on Friday. Susquehanna dropped their target price on TechnipFMC from $41.00 to $35.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Barclays increased their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $37.00 target price on shares of TechnipFMC in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.83.

TechnipFMC Trading Down 0.7%

Shares of FTI stock opened at $31.33 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 52-week low of $22.12 and a 52-week high of $33.45. The company has a market capitalization of $13.13 billion, a PE ratio of 20.61 and a beta of 0.98. The business’s fifty day moving average is $28.11 and its 200 day moving average is $29.30.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that TechnipFMC plc will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. TechnipFMC’s payout ratio is 10.53%.

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.