Assetmark Inc. lifted its stake in shares of TechnipFMC PLC (NYSE:FTI) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 500,218 shares of the oil and gas company’s stock after acquiring an additional 5,981 shares during the quarter. Assetmark Inc.’s holdings in TechnipFMC were worth $15,632,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its position in shares of TechnipFMC by 16.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 16,183 shares of the oil and gas company’s stock worth $514,000 after purchasing an additional 2,311 shares during the last quarter. Pinebridge Investments L.P. lifted its position in shares of TechnipFMC by 270.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 2,755 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of TechnipFMC by 25.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,881 shares of the oil and gas company’s stock worth $469,000 after purchasing an additional 3,000 shares during the last quarter. Rhumbline Advisers lifted its position in shares of TechnipFMC by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 390,862 shares of the oil and gas company’s stock worth $12,406,000 after purchasing an additional 3,149 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of TechnipFMC by 7.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 46,245 shares of the oil and gas company’s stock worth $1,467,000 after purchasing an additional 3,383 shares during the last quarter. Institutional investors own 64.83% of the company’s stock.

TechnipFMC stock opened at $21.69 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.56 and a beta of 1.08. TechnipFMC PLC has a 12 month low of $21.32 and a 12 month high of $35.00.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.07). The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.22 billion. TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. As a group, analysts expect that TechnipFMC PLC will post 1.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th were issued a $0.13 dividend. The ex-dividend date was Monday, November 19th. This represents a $0.52 annualized dividend and a yield of 2.40%. TechnipFMC’s dividend payout ratio (DPR) is 10.08%.

Several research firms recently weighed in on FTI. ValuEngine cut TechnipFMC from a “hold” rating to a “sell” rating in a research report on Thursday. Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Monday. Susquehanna Bancshares reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, November 30th. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, August 16th. Finally, Guggenheim reissued a “buy” rating on shares of TechnipFMC in a research report on Thursday, November 8th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company’s stock. TechnipFMC currently has a consensus rating of “Hold” and a consensus price target of $36.24.

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TechnipFMC Company Profile

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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