TechnipFMC PLC (NYSE:FTI) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC reduced its position in TechnipFMC PLC (NYSE:FTI) by 30.2% in the 2nd quarter, Holdings Channel reports. The firm owned 24,608 shares of the oil and gas company’s stock after selling 10,624 shares during the quarter. Townsquare Capital LLC’s holdings in TechnipFMC were worth $631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ETRADE Capital Management LLC raised its stake in TechnipFMC by 108.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 25,891 shares of the oil and gas company’s stock valued at $672,000 after purchasing an additional 13,496 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in TechnipFMC by 116.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,728 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 929 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in TechnipFMC by 2.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,679,734 shares of the oil and gas company’s stock valued at $43,573,000 after purchasing an additional 38,481 shares during the last quarter. NEXT Financial Group Inc raised its stake in TechnipFMC by 13.0% in the 2nd quarter. NEXT Financial Group Inc now owns 3,624 shares of the oil and gas company’s stock valued at $94,000 after purchasing an additional 416 shares during the last quarter. Finally, Swiss National Bank raised its stake in TechnipFMC by 2.6% in the 1st quarter. Swiss National Bank now owns 1,436,004 shares of the oil and gas company’s stock valued at $33,775,000 after purchasing an additional 35,800 shares during the last quarter. 76.08% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on FTI shares. AltaCorp Capital reissued an “outperform” rating on shares of TechnipFMC in a research note on Thursday, June 20th. TheStreet downgraded TechnipFMC from a “b-” rating to a “c” rating in a research note on Monday, August 19th. Citigroup raised their target price on TechnipFMC from $27.40 to $29.50 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. ValuEngine raised TechnipFMC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $26.00 target price on shares of TechnipFMC in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.07.



Shares of NYSE FTI traded down $0.48 during mid-day trading on Tuesday, reaching $24.05. 191,141 shares of the company’s stock were exchanged, compared to its average volume of 4,525,664. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 1.22 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.04 and a current ratio of 1.18. TechnipFMC PLC has a 52-week low of $18.20 and a 52-week high of $32.91. The company’s 50-day moving average is $24.54 and its 200-day moving average is $24.10.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.27 billion. TechnipFMC had a positive return on equity of 2.76% and a negative net margin of 15.64%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. As a group, equities analysts predict that TechnipFMC PLC will post 1.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, August 19th.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater 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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