Jackson Creek Investment Advisors LLC boosted its stake in TechnipFMC plc (NYSE:FTI – Free Report) by 78.2% in the fourth quarter, HoldingsChannel reports. The firm owned 59,693 shares of the oil and gas company’s stock after acquiring an additional 26,196 shares during the period. TechnipFMC makes up approximately 0.8% of Jackson Creek Investment Advisors LLC’s holdings, making the stock its 4th largest holding. Jackson Creek Investment Advisors LLC’s holdings in TechnipFMC were worth $2,660,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its position in TechnipFMC by 7.1% in the 4th quarter. Fisher Asset Management LLC now owns 408,437 shares of the oil and gas company’s stock worth $18,200,000 after purchasing an additional 27,111 shares during the period. Clearstead Advisors LLC grew its position in TechnipFMC by 6.3% in the 4th quarter. Clearstead Advisors LLC now owns 15,328 shares of the oil and gas company’s stock worth $683,000 after purchasing an additional 915 shares during the period. New Age Alpha Advisors LLC bought a new stake in TechnipFMC in the 4th quarter worth approximately $3,356,000. Hantz Financial Services Inc. grew its position in TechnipFMC by 13.0% in the 4th quarter. Hantz Financial Services Inc. now owns 27,141 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 3,122 shares during the period. Finally, Todd Asset Management LLC grew its position in TechnipFMC by 52.2% in the 4th quarter. Todd Asset Management LLC now owns 825,835 shares of the oil and gas company’s stock worth $36,800,000 after purchasing an additional 283,129 shares during the period. Institutional investors own 96.58% of the company’s stock.
TechnipFMC Trading Up 0.5%
Shares of FTI stock opened at $71.35 on Wednesday. TechnipFMC plc has a 1 year low of $29.62 and a 1 year high of $77.78. The firm has a fifty day moving average price of $71.46 and a 200-day moving average price of $58.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88. The company has a market cap of $28.45 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 1.53 and a beta of 0.74.
TechnipFMC Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s payout ratio is 7.63%.
Insider Activity at TechnipFMC
In related news, EVP Justin Rounce sold 172,276 shares of TechnipFMC stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.10, for a total transaction of $10,698,339.60. Following the transaction, the executive vice president owned 119,667 shares in the company, valued at approximately $7,431,320.70. The trade was a 59.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Luana Duffe sold 47,951 shares of TechnipFMC stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the transaction, the executive vice president owned 78,871 shares in the company, valued at approximately $4,923,916.53. This trade represents a 37.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,210,092 shares of company stock worth $75,347,124 in the last 90 days. Company insiders own 1.40% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on FTI shares. Evercore reissued an “outperform” rating and set a $83.00 price objective on shares of TechnipFMC in a research report on Friday, May 1st. BMO Capital Markets boosted their price objective on shares of TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a research report on Monday, February 23rd. UBS Group set a $70.00 price objective on shares of TechnipFMC in a research report on Friday, February 20th. Royal Bank Of Canada boosted their price objective on shares of TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.
View Our Latest Stock Analysis on FTI
TechnipFMC Profile
TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.
Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.
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