Point72 Asset Management L.P. purchased a new stake in 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 institutional investor purchased 1,622,874 shares of the oil and gas company’s stock, valued at approximately $45,311,000. Point72 Asset Management L.P. owned about 0.35% of TechnipFMC plc Ordinary Share as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Great West Life Assurance Co. Can boosted its holdings in TechnipFMC plc Ordinary Share by 70.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,783 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in TechnipFMC plc Ordinary Share in the second quarter valued at about $161,000. Macquarie Group Ltd. purchased a new position in TechnipFMC plc Ordinary Share in the third quarter valued at about $190,000. Bank of Nova Scotia Trust Co. purchased a new position in TechnipFMC plc Ordinary Share in the third quarter valued at about $192,000. Finally, Conning Inc. boosted its holdings in TechnipFMC plc Ordinary Share by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 200 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) traded up $1.24 during trading on Tuesday, hitting $28.59. The stock had a trading volume of 4,231,600 shares, compared to its average volume of 4,082,176. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. TechnipFMC plc Ordinary Share has a fifty-two week low of $24.53 and a fifty-two week high of $37.09.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the prior year, the company posted $0.22 EPS. TechnipFMC plc Ordinary Share’s revenue for the quarter was up 74.3% compared to the same quarter last year. research analysts expect that TechnipFMC plc Ordinary Share will post 1.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, November 20th.

A number of research analysts have commented on FTI shares. Barclays reduced their target price on TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Societe Generale started coverage on TechnipFMC plc Ordinary Share in a report on Thursday, November 16th. They set a “buy” rating and a $38.00 target price on the stock. Tudor Pickering raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a report on Wednesday, November 29th. ValuEngine downgraded TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, HSBC downgraded TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 target price on the stock. in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.03.

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About TechnipFMC plc Ordinary Share

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.

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

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