Macquarie Group Ltd. purchased a new stake in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,806 shares of the oil and gas company’s stock, valued at approximately $190,000.

Other hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC grew its position in TechnipFMC plc Ordinary Share by 102.0% during the second quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock valued at $521,000 after acquiring an additional 9,677 shares during the period. Ninepoint Partners LP purchased a new stake in TechnipFMC plc Ordinary Share during the third quarter valued at about $307,000. Zurich Insurance Group Ltd FI purchased a new stake in TechnipFMC plc Ordinary Share during the second quarter valued at about $1,409,000. Nippon Life Insurance Co. grew its position in TechnipFMC plc Ordinary Share by 44.0% during the third quarter. Nippon Life Insurance Co. now owns 39,100 shares of the oil and gas company’s stock valued at $1,092,000 after acquiring an additional 11,952 shares during the period. Finally, Advisors Asset Management Inc. grew its position in TechnipFMC plc Ordinary Share by 5.4% during the second quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock valued at $1,046,000 after acquiring an additional 1,982 shares during the period. 65.55% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC plc Ordinary Share (FTI) opened at $29.86 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a one year low of $24.53 and a one year high of $37.09. The company has a market capitalization of $13,386.53, a PE ratio of 22.95, a P/E/G ratio of 0.94 and a beta of 0.90.

TechnipFMC plc Ordinary Share (NYSE:FTI) last released its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the business posted $0.22 EPS. The business’s quarterly revenue was up 74.3% on a year-over-year basis. analysts forecast that TechnipFMC plc Ordinary Share will post 1.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Monday, November 20th.

FTI has been the subject of a number of research reports. Gabelli raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Friday, October 20th. Royal Bank of Canada set a $45.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Saturday, October 7th. Cowen set a $32.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research note on Friday, October 6th. Citigroup upgraded TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $30.00 in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $31.50 price objective on shares of TechnipFMC plc Ordinary Share in a research note on Tuesday, September 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. TechnipFMC plc Ordinary Share has an average rating of “Hold” and a consensus price target of $33.18.

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TechnipFMC plc Ordinary Share Profile

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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